Why SPACs Are Booming, and Is there the SPAC Bubble?
https://doi.org/10.26794/2308-944X-2021-9-2-38-45
Abstract
As of May 10, 2021, according to SPAC Alpha, there were 315 special purpose acquisition company (SPAC) IPOs completed YTD – more than 100 per cent higher than the number of SPAC IPOs in the previous four years combined. David Erickson, Itamar Drechsler and Nikolai Roussanov explore how the SPAC market exploded in 2020 and what may happen in the future.
About the Authors
D. Erickson
The Wharton School, University of Pennsylvania
United States
United States
Senior Fellow and Lecturer of Finance, Finance Department
I. Drechsler
The Wharton School, University of Pennsylvania
United States
United States
Associate Professor of Finance, Finance Department
N. Roussanov
The Wharton School, University of Pennsylvania
United States
United States
Nikolai Roussanov – teaches in Wharton Executive Education’s live online program Investment Strategies and Portfolio Management. Moise Y. Safra Professor; Professor of Finance; Academic Advisor, MBA major in Quantitative Finance; Academic Director of “Wharton on the Markets” series; Finance Department
Joao F. Gomes
The Wharton School, University of Pennsylvania
United States
United States
Joao F. Gomes – Howard Butcher III Professor of Finance, Professor of Economics Department Chair, Finance Department
Review
For citations:
Erickson D., Drechsler I., Roussanov N., Gomes J. Why SPACs Are Booming, and Is there the SPAC Bubble? Review of Business and Economics Studies. 2021;9(2):38-45. https://doi.org/10.26794/2308-944X-2021-9-2-38-45
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