IPOs

The record boom in blank-cheque firms could make 2021 the year of the Spac

Goldman Sachs says that Spacs could generate more than $700bn in acquisition activity in the next two years

Goldman Sachs’ chief US equity strategist, David Kostin, one of the authors of a report by the bank tracking the recent boom in Spacs
Goldman Sachs’ chief US equity strategist, David Kostin, one of the authors of a report by the bank tracking the recent boom in Spacs Photo: Victor J. Blue/Getty Images

The boom in special purpose acquisition companies – or Spacs – is set to continue and this year looks on track to be a record one, says Goldman Sachs.

In a note on 1 March, “SPAC Almanac: Bigger, louder, faster”, the US investment bank tracked the recent boom in Spacs – also known as blank-cheque companies – since the beginning of the pandemic.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line