Robinhood & Earnings Put SPACs in the Backseat thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.
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SPACs Falter on Monday thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.
SPAC Weekly: Altimeter Grabs the Spotlight. SPAC Scrutiny Heightens, but Market is Getting Healthier
Altimeter Growth Corp struck the largest SPAC merger ever agreeing to take Grab public in a $40B deal. Elsewhere the SEC continued to show its focus on SPACs and short sellers begin to emerge.
Author:
Apr 16, 2021
It was a quiet week on the new issue front as no new SPAC IPOs priced this week, the first such week with no new supply in a quite a while. New S-1s were also slow as only 3 new SPACs filed (for a total of $350M) in another sign that the market is heading back towards normalcy. However, it was a bit of a return to more normal M&A activity as 5 new deals announced, including the largest deal ever with Altimeter Growth Merging with Grab.