SPACs: Beneficiaries of the bull run
Special purpose acquisition companies, or SPACs, are staging a modest comeback in Asia on the back of a resurgence in the US. These structures offer considerable upside, but they aren’t for everyone
SPACs don’t enjoy the best of reputations in Asia. Known as special purpose acquisition companies, or blank check companies, they appeared in the mid-2000s as financial sponsors took advantage of booming...
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