SPACs, shorthand for special purpose acquisition companies, have
become this year's most popular alternative option for private
companies to access the public capital markets and become publicly
traded. Earlier this year, capital market experts declared 2020 a banner year for SPACs. The latest
numbers from DealPointData back the claim. As of November 30, 2020,
SPACs raised more than $64.35 billion in 203 IPOs, more than five
times the amount SPACs raised—$12 billion in 38
listings—in all of 2019, also a record year.
The growing deal volume and value of SPACs across industries,
from technology to healthcare to space tourism, coupled with a list
of high-profile transactions, such as the transactions completed by
DraftKings and by Virgin Galactic Holdings, have spurred
unprecedented interest among investors and targets alike. Although
some signs are starting to point to a possible leveling in months to come,
companies that want to create liquidity or go public continue
