14 min
The spectacular rise of SPACs Legal Minds on Markets
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- Investissement
Key Takeaways
· The origins of SPACs and the spectacular rise of SPACs starting in 2019 and accelerating in the course of 2020.
· A rundown of the 3 stages of a SPAC lifecycle: (1) pre IPO planning and implementation; (2) the IPO itself; and (3) the resulting business combination.
· The advantages of using BVI or Cayman for a SPAC, including taking a look at investor familiarity and sentiment, flexible corporate laws, and a strong rule of law.
· FinTech and Healthcare are the most prominent sectors using BVI or Cayman as their place of incorporation.
· Over $80 billion was raised through SPACS in 2020, and we discuss whether SPACs will replace the role private equity has historically taken in driving M&A activity.
· We consider whether SPACs are democratising access to investments
· Discuss how other jurisdictions around the world are watching and responding to the SPAC boom in the US
Key Takeaways
· The origins of SPACs and the spectacular rise of SPACs starting in 2019 and accelerating in the course of 2020.
· A rundown of the 3 stages of a SPAC lifecycle: (1) pre IPO planning and implementation; (2) the IPO itself; and (3) the resulting business combination.
· The advantages of using BVI or Cayman for a SPAC, including taking a look at investor familiarity and sentiment, flexible corporate laws, and a strong rule of law.
· FinTech and Healthcare are the most prominent sectors using BVI or Cayman as their place of incorporation.
· Over $80 billion was raised through SPACS in 2020, and we discuss whether SPACs will replace the role private equity has historically taken in driving M&A activity.
· We consider whether SPACs are democratising access to investments
· Discuss how other jurisdictions around the world are watching and responding to the SPAC boom in the US
14 min