Betsy Cohen Predicts About a Third of SPACs Will Bust
- Executive could look to foreign exchanges for future SPACs
- Cohen helped take Perella Weinberg investment bank public
Betsy Cohen
Courtesy: Betsy Cohen
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Blank-check sponsor Betsy Cohen said about 30% of all special purpose acquisition companies in the market will fail, in an interview on Wednesday at the Bloomberg Invest Global conference.
“Either they won’t be able to find companies in the time frame or they will find companies within that time frame but the public market investors will not support them,” Cohen said.