特殊目的并购公司的蛮荒生长

After a Wild Year, Spacs are Growing Up

自20世纪90年代以来,特殊目的收购公司(SPAC)已经大有作为,当时它们还是一个声誉不稳的利基产品。2020年的市场波动将SPAC的上市推至巅峰水平。本文从多角度分析了SPAC的特点、繁荣的原因及其面临的挑战。

Spacs, or special purpose acquisition companies, have made considerable progress since the 1990 s, when they were still considered to be a niche product with an unreliable reputation. The market volatility seen in 2020 pushed listings of Spacs to a new peak. This article analyzes the characteristics of these investment vehicles and assesses the reasons for their success as well as the challenges they face.