Best SPAC Opportunities for Monday
With the SPAC market slowing down and starting to clear out, some investors are looking for upside with announced deals. In addition, investors continue to look in the bargain bin for yield as well.
Author:
Apr 5, 2021
Last week we saw the SPAC IPO market close for business with only 2 SPACs pricing. This is good news as the market needs to clear out so that investors can get excited again about good SPACs and good deals. Given that there has been no IPO pop and very little deal announcement pop lately though CMII and AJAX had a some SPAC investors are starting to look at a combination of strong sponsor/teams with SPACs that already have announced deals.
SPAC Weekly Wrap: Stock Issuance Grinds to a Halt. Time for Deals
In a dramatic reversal of the last few months, the SPAC IPO market essentially closed this week as only 2 IPOs priced and just a handful of new S-1s.
Author:
Apr 2, 2021
The week ends on a quiet note as the stock market was closed for Good Friday. Looking back, this week might be remembered as the moment when the SPAC market exuberance finally caught up to itself, and the market really cooled off. All this week we ve been noting how issuance has slowed and SPACs are routinely trading weaker.