RIP SPACs

Cass Polzin
Cass Polzin2 Jun, 2022
SPACs

It wasn’t that long ago we witnessed new IPO records due to the rise of SPACs. (Wtf are SPACs?!) And yet, earlier this week, Senator Elizabeth Warren announced her plan for a SPAC bill.

Regardless of any future bills, SPACs are in a far different place than they were a year ago. Goldman Sachs announced publicly that they’re shrinking their involvement with SPACs earlier this quarter.

First crypto and NFTs, now SPACs — now what are we going to spend our money on this summer?!


Partnership Leaders enables personal and professional development for professionals in partnerships. Learn more about the community and apply to join here

Not yet subscribed to the PL;DR? Sign up for your weekly dose of hot takes on tech, partnerships, and global news.

The PL;DR is brought to you in partnership with AllboundCrossbeamImpactPandiumPartnered, and Reveal.

Share:
Copy link

Related Posts

SPACs Lead to Record-shattering IPOs

Due to the rise of SPACs, global companies have raised a record $248 billion. In another record, the total global IPO listings have surpassed 1,050 this year.

Cass Polzin
Cass Polzin14 May, 2021

WTF is a SPAC?

SPACs are in town and they don’t play by no rules. A Special Purpose Acquisition Company, also known as a ‘blank check company’, is an investment vehicle.

Travis Bradley
Travis Bradley5 Mar, 2021