As special purpose acquisition companies or SPACs gain popularity as an alternative to IPOs in the US markets, their sponsors get busy carving out their next phase of growth.
According to data available with SPACInsider, nearly 190 SPACs have been launched in the US stock markets so far this year, raising over $59 billion. That’s already about 75% of the total number of SPACs that raised capital in the whole of 2020.
