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The 2021 outlook for the booming SPAC market and traditional IPOs

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New York Stock Exchange building is seen decorated for Christmas at the Financial District in New York City, United States on November 30, 2020.

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IPOs vs. SPACs:  Who will win in 2021? 

2020 was a surprisingly good year for IPOs, but it was an even better year for Special Purpose Acquisition Companies (SPACs). 

There were 194 traditional IPO deals raised $67 billion, the best year since 2014, according to Renaissance Capital. But it was an even better year for SPACs, which raised just about the same amount:  200 SPACs raised about $64 billion. 

SPACs are companies with no commercial operations that are established solely to raise capital from investors for…



Source cnbc.com

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