Goldman’s U.S. Head of SPACs Sees Investors Hitting Their Limits
- Blank-check market has been ‘frenzied’: bank’s McNerney
- SPACs have raised a record $61 billion globally this year
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Ten months into 2020, a record $61 billion has been raised in initial public offerings by blank-check firms -- but investors may be more discerning from here on.
“There has been a very meaningful uptick in SPAC issuance and we expect the market to be more selective going forward,” said Olympia McNerney, Goldman Sachs Group Inc.’s head of U.S. special purpose acquisition companies, or SPACs, in an interview Tuesday.