Wooden Blocks With Mergers And Acquisitions Text On Chess Board
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REUTERS reports:

Asia’s bankers say they expect the hottest trend in global deal-making, IPOs for special-purpose acquisition vehicles (SPAC), to rocket in the region this year from small beginnings, fuelled by well-resourced investors including private equity firms.

Globally, SPACs raised $92 billion from IPOs in first-quarter 2021, according to Refinitiv data, already surpassing all of 2020. SPAC mergers ? when the blank check firm uses IPO funds to merge with a target ? amounted to $210 billion.

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