Analysis

3 Trends Underlying The Boom In Blank-Check IPOs

Law360 (June 19, 2020, 10:08 AM EDT) -- Blank-check initial public offerings are generating a growing share of IPOs at ever-larger sizes despite pandemic-related disruptions, buoyed by more household names that are embracing this alternative financing vehicle to fund acquisitions.

Blank-check companies, also known as special purpose acquisition companies, or SPACs, are shell entities formed by management teams looking to acquire an operating business and take it public. The SPAC raises money through an IPO, thus creating a public company structure. It then searches for an acquisition target to merge with, usually within 24 months after the IPO.

Blank-check offerings have grown to form a steady subset of the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!