SPAC IPO Market Expected To Stay Strong In 2019

Law360 (February 7, 2019, 9:57 PM EST) -- The initial public offerings market for special purpose acquisition companies will likely remain robust in 2019, several deal-makers gathered at a New York City conference said on Thursday, although some softening could occur following the breakneck pace of the last two years.

SPACs, also called blank-check companies, raised more than $10.7 billion from 46 IPOs in 2018, according to website SPAC Research. Those figures represented the most in deals and proceeds since 2007, just before the financial crisis.

"It was an extraordinary year, there is no other way of saying it," Ellenoff Grossman Schole LLP partner Doug Ellenoff told lawyers, bankers...

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