ADVERTISEMENT
Twentysomethings With Fat Checkbooks Join the SPAC Rush
The trajectory of so-called blank-check companies is shaping up to be a classic Wall Street feeding frenzy.
11 Oct 2021, 12:08 PM IST
(Bloomberg Businessweek) -- The trajectory of so-called blank-check companies—effectively vast pools of cash in search of investment opportunities—is shaping up to be a classic Wall Street feeding frenzy. In the past two years, they’ve morphed from a niche product aimed at financial pros into a mass-market phenomenon hyped on Twitter and CNBC. Almost 600 of these special purpose acquisition companies, or SPACs, are trading in New Yor...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Free
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT