Veterans Drive SPAC IPO Rebound as Hunt for Deals Picks Up
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Wall Street is gearing up for another wave of blank check companies from seasoned and first-time sponsors, showing the staying power of the vehicles to take companies public — and setting up expectations of more deals.
Special-purpose acquisition company backers have raised more than $1.9 billion this year, adding to the $7.1 billion haul in the final six months of 2024, data from SPAC Research show. That’s on top of nearly 20 firms that have filed paperwork with US regulators to raise another $3.2 billion in the first six weeks of the year.