High-profile special purpose acquisition companies like Pershing Square Tontine Holdings (NYSE:PSTH) and Social Capital Hedosophia Holdings V (NYSE:IPOE) faced pressure in Friday’s session as investors grew wary of SPACs, although the sector later partly rebounded and PSTH even went positive.
Two age-old European trading rivals are at loggerheads again—this time over SPACs
The gloves are off as London tries to fight off attempts by Amsterdam and other EU capitals to steal its crown as Europe’s leading financial center post-Brexit.
The SPAC craze looks for a foothold in London, but may be falling flat
The London Stock Exchange is reportedly exploring ways to attract SPACs to the UK. When Mariposa Capital founder Martin Franklin…