This article by Louis Lehot originally appeared on Foley.com on May 19, 2021: Are SPACs dying off? A few points to consider about the future of SPACs
Thomson Reuters published an article by Louis Lehot, Are SPACs dying off? A few points to consider about the future of SPACs. The article looks at how SPACs have had a fantastic run in the last year through the end of Q1 2021, rising from a total IPO count1 of 59 in 2019 to 248 in 2020 and a whopping 311 in just the first quarter of 2021. Yes, the number of SPAC IPOs in the first quarter of this year exceeded the total of all of 2020. But the number of new IPOs dropped sharply in April.
