Deals
SPAC Listing Boom Drives Record $63 Billion January for IPOs
- Deal surge comes as soaring markets trigger bubble fears
- Over 200 companies complete IPOs in record-breaking January
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A record month for SPAC listings is helping power the busiest-ever start to a year for initial public offerings, in another sign of the investor frenzy that’s led to overheated markets around the globe.
Special purpose acquisition companies have completed nearly $26 billion of share sales in January, surpassing the previous monthly record set in October, according to data compiled by Bloomberg. That’s helped fuel the $63 billion of IPO fundraising worldwide this year, more than five times the proceeds from the same period a year earlier.