Live Breaking News & Updates on இடைவெளி முதலீடு|Page 1
Stay updated with breaking news from இடைவெளி முதலீடு. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Investors are viewing the recent slump and volatility in SPAC names differently, and some of them have placed massive shorts on high-profile SPACs. ....
For some SPAC investors, it s a welcome change. Julian Klymochko, who runs the active SPAC-focused Accelerate Arbitrage Fund (ARB), said he was very happy to see the correction. The Canadian investor employs what he calls a simple but not easy SPAC arbitrage strategy, which distills down to buying a SPAC at or below its net asset value (or trust value) and capitalizing on the option of redeeming shares in two years or less. The strategy fared well amid the SPAC boom last year and was up about 30%, Klymochko told Insider. This year, despite a record 228 SPACs having raised $73.2 billion as of March 8, Klymochko was left starving for opportunities. ....
Matthew Tuttle is the chief executive and chief investment officer of Tuttle Tactical Management. This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Matthew Tuttle is the chief executive and chief investment officer of Tuttle Tactical Management. He manages the $147.2 million SPAC and New Issue ETF, which has returned 12.94% this year. Tuttle shares his three-part SPAC picking strategy and three of his favorite blank-check companies. Just like the newly filed Do It Again Corp., SPACs are doing it again breaking the record month after month. According to Goldman Sachs, 90 Special Purpose Acquisition Companies raised $32 billion in IPO capital in February, the largest issuance month on record. Year-to-date, 204 blank-check companies have raised $65.4 billion compared to the $83.4 billion raised by the 248 SPACs last year, according to ....
This story is available exclusively to Insider subscribers. Become an Insider and start reading now. There s been a surge in special purpose acquisition companies, or SPACs. Because of the frenzy of SPACs, finding bankers and lawyers and securing eventual deals is getting harder. From a SPAC-off, to a SPAC-up, to a de-SPAC, here s the guide on what you need to know. SPACs were once a little-known way for private companies to go public without having to IPO. But in 2020, the number of SPACs on the market quadrupled from the year before, according to SPAC Insider data. And so far this year, the number has almost reached that record high from last year. January was a record-setter, with close to $26 billion raised via SPACs. ....
Several high profile SPACs have already been announced in Amsterdam. Citi says it has mandates for several more to be listed in Europe. These are the top three sectors that sponsors are like to tap for merger partners. Special Purpose Acquisition Companies, or SPACs, are all the rage right now in the investing community, as celebrities and finance veterans alike jump in. These blank check companies are listed on the stock market and are formed solely to acquire an existing private company to take it public, without the risks and cost inherent in an initial public offering. For some, this is more evidence of market exuberance caused by excess ....