Financial Engineering concept on the gearwheels, 3D rendering

PITCHBOOK reports:

Lukewarm SPAC market’s fate is intertwined with IPOs

It’s clear now that modern reverse mergers between SPACs and low-revenue, high-growth companies are faring about the same as the IPO market: not well. That’s largely due to the volatile public markets. PitchBook’s VC-backed IPO and deSPAC indexes have each posted losses of more than 45% YTD. But interest from shareholders has also waned as they seek to de-risk their portfolios, and that sentiment led only 35 new SPAC vehicles to list ...

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