It's the blank-check year, as the current IPO market faced an influx of Special Purpose Acquisition Companies (SPACs). For the full year 2020, SPACs raised a total of $97B capital from IPOs, nearly 6x more than the $14B raised in 2019. During the fourth quarter alone, there were 177 blank -check companies that went public globally generating an aggregate of $29B capital, this was 10x more than the issuance in the same quarter last year.
Global Capital Markets Activity
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