The SPAC race: Wall St banks jostle to get in on hot new trend

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 was neck and neck with the likes of 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 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


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