Equity News
Now is a great time to invest in SPAC stocks
SPAC stock has been gaining popularity as an investment. These days, private companies use SPACs to get into the stock market instead of traditional IPOs. SPACs have seen an increase in popularity in recent months as a result of the current market conditions. The main function of a SPAC is to acquire other companies. To become listed, however, SPACs must either acquire or integrate existing businesses. In 2020, Companies offering special-purpose shares raised over 83 billion dollars, according to SPAC Research. By June 2021, SPAC will have assisted 350 companies in raising more than $108 billion through their IPO debuts.
