Old-School IPOs Trounce SPACs As Blank Check Craze Fizzles
April 17, 2021 at 19:32 PM EDT
It's been a very bad month for SPACs. The flood of recent SPACs, which through the end of March was a non-stop torrent, has come and gone, spelling trouble for the broader market for initial public offerings with just three SPACs listing last week.