The improving narrative is supported by stable, positive market dynamics. Don t be surprised to see retail and others getting back into SPACs if the market continues this way.
SPACs Close Down Again on a Sleepy Friday
SPACs closed down on the day again, with the average pre-deal SPAC trading at $9.80. No new deals today, with just 4 announced on the week.
Author:
It s definitely been a sad May for SPACS with little good news to get investors excited. That being said, we continue to reiterate our view that the slowdown is positive for the longterm health of the broader SPAC market.
Little activity today with no new mergers getting announced, and just one new IPO traded with
Graf Acquisition Corp. closing down 0.7%. SPACs slid lower, once again, and the average pre-deal SPAC is now trading at $9.80 a steep discount to NAV.
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.