Is it time for Europe to jump on the SPACs bandwagon?
It’s not entirely clear why SPACs have become so popular over the past year. SPACs and EuropeIn any case, where is Europe in this craze? If SPACs are a more convenient replacement for IPOs, then Europe should have been racing ahead in embracing them. If that happens, investors will find themselves with less capital on their hands and start thinking twice before allocating capital to expensive SPACs. As they wrote, sadly, “the latter might discredit the whole SPAC phenomenon.”In the meantime, should Europe bet on SPACs anyway?