Special purpose acquisition companies, or SPACs, have grown from a niche part of equity markets to become a popular alternative route to public markets.

New York | The last time Credit Suisse was neck and neck with the likes of Morgan Stanley and Goldman Sachs as a top underwriter of equity offerings, the Zurich-based bank still had the words First Boston in its name.

But this year it has one major Wall Street trend to thank for putting it back in the top three for the first time since 2005: a boom in so-called blank

Source: https://www.afr.com/markets/equity-markets/the-spac-race-wall-st-banks-jostle-to-get-in-on-hot-new-trend-20200812-p55l09