Cash-hungry emerging markets arrive late to the SPAC party
July 27, 2021
Emerging markets have so far been on the fringes of a fundraising boom using so-called SPACs or special-purpose acquisition companies, which could potentially unlock a vital new source of cash for entrepreneurs in developing regions.
But the take-off of SPAC fundraisings in these markets hinges in part on the success of a few recently-delayed landmark deals, reflecting wider global investor caution about this funding tool.
SPACs allow investors to list a shell company on public markets before they have identified a business to buy, which provides a speedier route to an initial public offering.
Los mercados emergentes, ávidos de efectivo, llegan tarde a la fiesta de las SPAC
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Analysis: Cash-hungry emerging markets arrive late to the SPAC party
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Analysis-Cash-hungry emerging markets arrive late to the SPAC party
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