It wasn’t that long ago we witnessed new IPO records due to the rise of SPACs. (Wtf are SPACs?!) And yet, earlier this week, Senator Elizabeth Warren announced her plan for a SPAC bill.
Regardless of any future bills, SPACs are in a far different place than they were a year ago. Goldman Sachs announced publicly that they’re shrinking their involvement with SPACs earlier this quarter.
First crypto and NFTs, now SPACs — now what are we going to spend our money on this summer?!
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