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Why the SPAC Boom Fizzled | What Went Wrong | WSJ

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In March 2021, special-purpose acquisition companies raised $36 billion. In July 2022, no new SPACs raised money.

At their peak, SPACs accounted for 70% of all IPOs, with $95 billion raised. But now, the market has dried up and shares of companies that did SPAC deals have crashed. WSJ explains the decline of the IPO vehicle. Illustration: Ali Larkin

#WSJ #SPACs #IPO
Category
Television
Tags
rivian, lucid, virgin galactic
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