Inside the unstoppable rise of 'blank-check

Inside the unstoppable rise of 'blank-check companies,' a type of business that has no operations and can still float an IPO amidst a recession

Business Insider

Published 16 May 2020

· A SPAC is a type of shell company that raises funds through an IPO that can then be used for acquisitions.
· Sometimes referred to as a "blank-check company," the SPAC has defied market jitters in a recession. More than half of the IPOs priced since March 11 were SPACs.
· For a company looking to exit, selling to a SPAC...

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Inside the unstoppable rise of 'blank-check companies,' a type of business that has no operations and can still float an IPO amidst a recession

Inside the unstoppable rise of 'blank-check companies,' a type of business that has no operations and can still float an IPO amidst a recession

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