The 2021 outlook for the booming SPAC market and traditional IPOs


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…


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