The allure of blank check companies is spreading beyond the U.S., with a host of European business tycoons now plotting deals. Listing a so-called special purpose acquisition company, or SPAC, has been the go-to method for wealthy Americans to raise money for takeovers this year.
Goldman’s U.S. head of SPACs sees investors getting indigestion
Ten months into 2020, a record $61 billion has been raised in initial public offerings by blank-check firms—but investors may be more discerning from here on.