Free Site Registration

SPACs Go Mainstream

Traders Magazine, June 2008

James Ramage and Peter Chapman

A boom for bankers is a bust for traders. They represent more than a third of all initial public offerings so far this year. They accounted for about a quarter of all IPOs last year. But unlike most new listings, they have not done much for trading desks. SPACs, or special purpose acquisition companies, are corporate shells brought public for the express purpose of acquiring a going concern. They have been around for years, but mostly as micro-cap oddities trading in the over-the-counter market.

Get access to this article and thousands more...

All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?