They have been around since the early 2000s, but special purpose acquisition companies (SPACs) have started to become all the rage in the field of initial public offerings.
You see, in 2015, only 20 SPACs went public. That number jumped to 59 in 2019.
Now, more SPACs have gone public in 2020 than all of 2019 — and we still have four months left in the year.
I’ll tell you why SPACs have been in the headlines lately and why companies are leaning into them to raise capital.
Remember, knowing the data and the details around a particular stock, sector or trend can help you determine what you should do next.
That’s why we do the work for you by spotting these trends and looking at specific stocks. We give you our proven analysis on those trends and stocks to help you make the most informed decision on what to do with your investments.
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Research Analyst, Money & Markets
Matt Clark is the research analyst for Money & Markets. He’s the host of our podcast, The Bull & The Bear, as well as the Marijuana Market Update. Before joining the team, he spent 25 years as an investigative journalist and editor — covering everything from politics to business.