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Hedge Funds Are Demanding Their SPAC Money Back - The Washington Post

Chamath Palihapitiya s new SPACs raise $880M in 4 upsized IPOs - Silicon Valley Business Journal

Chamath Palihapitiya s new SPACs raise $880M in 4 upsized IPOs - Silicon Valley Business Journal
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

Chamath Palihapitiya s new SPACs raise $880M in 4 upsized IPOs - San Francisco Business Times

Chamath Palihapitiya s new SPACs raise $880M in 4 upsized IPOs - San Francisco Business Times
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

SPACS as Engines for Public Ownership and Growth

The global equity capital market has been reacting to the infusion of significant cash investments – $83 billion in 2020 and over $53 billion in the first two months of 2021, according to data compiled by Accelerate Financial Technologies Inc. If the current pace continues, over $300 billion could be raised in 2021. These investments have primarily been channeled into non-operating vehicles created to identify and seize opportunities either in private or public entities. The main objectives of the promoters of these vehicles are to inject the funds raised into identified entities through the acquisition of strategic stakes in them to drive business optimisation and achieve alpha returns.

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