5 place 96 fresh

72 New SPAC Boom(let) Is the Same as the Last SPAC Boom

The Information
Ken Brown @ The Information 1 place · today 11:00 EDT

Why wait for the mega AI initial public offerings expected later this year when you can invest in a nuclear fusion company or a MAGA crypto bank? These companies and other not-ready-for-IPO names are coming to the markets via special purpose acquisition companies.After SPACs vaporized billions of dollars during the boom-and-bust cycle early this decade, speculators are again using them to peddle risky startups in hot industries. The current upturn is nowhere close in numbers to the last boom, but it is one.

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