In Law360, Paul Tropp Analyzes Slowdown in SPAC IPOs
The market for special purpose acquisition companies’ initial public offerings slowed in April from rapid first quarter growth with increased oversight by the U.S. Securities and Exchange Commission.
A Law360 article notes that Ropes & Gray worked on six SPAC IPO deals that priced in April. Capital markets partner and co-chair Paul Tropp (New York) explains that the firm is now working on a number of SPAC IPO transactions and that companies are just waiting for market condition to become more constructive.