Kiffmeister’s #Fintech Daily Digest (03/05/2021)*

Is 2021 the Year of SPACs in Asia? What You Need to Know

Special Purpose Acquisition Companies (“SPACs”) played a critical role in U.S. capital market growth in 2020. There were 248 SPACs launched, raising an aggregate of $83 billion in proceeds. The beginning of 2021 witnessed an acceleration of SPAC activity. In January and February alone, roughly $60 billion was raised by 189 SPACs. This article discusses what a SPAC is, how to raise a SPAC, and how de-SPAC transactions work. 

* The views expressed herein are those of the author and should not be attributed to the International Monetary Fund, its Executive Board or its management.