The UConn School of Business will host a half-day conference on Special Purpose Acquisition Companies (SPACs), which are seeing a dramatic spike in interest in the financial and investment communities this year.
“This is the topic of the year in the financial markets,” said Professor Yiming Qian, the Toscano Family Chair in Finance at UConn. “SPAC is not new, but was not popular until last year. Before 2020, the annual numbers of SPAC IPOs were in one or two digits. In 2020, however, the number jumped to 248 (compared to 165 traditional IPOs). The number for 2021 already exceeded 500.” Continue Reading