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Mark Brod Quoted in Financial Times on Current Activity in the SPAC Market
06.02.21
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Corporate Partner Mark Brod was quoted in a Financial Times article analyzing the recent slowdown in special purpose acquisition company (SPAC) activity. According to data provided by Refinitiv, in April and May of this year, there were only 30 U.S. SPAC IPOs compared to 299 in the first quarter of 2021. “Year-to-date volumes in the SPAC IPO market through April 2021 exceeded the SPAC IPO volumes in all of 2020, which had dwarfed 2019 volumes, so it is somewhat understandable that it is taking time for the market to absorb all of these deals,” Mark explained.
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