If you recall, we spent quite some time talking about startups and unicorns over the past week. Today, we’re going to look at how a financial institution specialising in SPACs and deal advisory help blank cheque companies access a quality deal pipeline.
Speaking of SPAC IPOs, the market for special purpose acquisition companies has slowed quite a bit over the past few months. According to S&P Global Market Intelligence, there were 86 SPAC IPOs in 2022. That’s a sharp drop from the 610 deals seen in the year before, as increased regulatory scrutiny and rising interest rates weighed on activity.
But how will this change as economies recover from the troughs of the pandemic, and should interest rates level off towards the end of the year? What would this mean for advisory firms then?
On Under the Radar, Drive Time’s finance presenter Chua Tian Tian posed these questions to Crystal Zhang, Managing Partner at Arc Group.