Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
Despite the recent turbulence in the markets, investors’ risk appetite is building. The reemergence of special purpose acquisition companies (“SPAC”) is one sign of exuberance.
While initial public offerings of SPACs have staged a rebound, these transactions are nowhere close to the peak reached in 2021.
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