This week: SPACs could transform investing—but are they a useful innovation, a mania, or both?
SPACs are Wall Street’s latest craze, attracting everyone from celebrities to retail investors. An alternative to the traditional IPO, SPACs could transform tech investing and supercharge innovation. They are even shaping the post-Brexit battle to be Europe’s financial capital. But are these “blank-cheque firms” a mania, a useful innovation, or both? Simon Long hosts. Runtime: 26 min