IPOs
Why Spacs might just bounce back from their miserable year
Julian Rowe is general partner at Latitude, a London-based sister fund to venture capital firm LocalGlobe. Rowe was formerly head of internet and digital media for Emea at JPMorgan, and has invested in companies such as cosmetics firm Beauty Pie, digital bank Tide and street food startup Taster.
2021 has been a miserable year for Spacs.
The well documented sagas and ensuing share price volatility around companies like Nikola and Lordstown Motors, both of which listed via Spacs recently, have contributed to the growing sense that Spacs represent flawed pieces of financial engineering, offering a less-than-rigorous path to public markets.
