On Wall Street, one sign that things may be getting overheated — particularly when it comes to public listings — is when less traditional business models start announcing plans to join the fray.
Strike while the iron’s hot, as they say.
And perhaps no (proverbial) iron is as hot as the realm of SPACs — short for special purpose acquisition companies. The new year has just dawned and already there are 145 SPAC initial public offerings (IPOs), more than half of the total number seen in 2020, as estimated by SPAC Research.com.
As has been noted in this space, SPACs raise money from investors, and look for acquisition targets, and take them public. There’s usually a window of time (in some cases…