In Law360, Paul Tropp Analyzes SPAC Boom and Record-Breaking Month for IPOs
The boom in special purpose acquisition companies powered a record-breaking month in February for initial public offerings, with no sign of slowing activity. Some 132 issuers went public in February, including 98 SPACs, raising more than $37 billion in proceeds.
In a Law360 article, capital markets partner and co-chair Paul Tropp (New York) explains that the rapid pace invites questions as to how long the SPAC rally will last, given the finite amount of investor dollars that can be deployed and companies that can be acquired. He said there is still a sense that there are a meaningful amount of targets for SPACs.
To view the “February IPO Recap,” click here.