In this quarter's update, we marvel at the rapid expansion of SPACs and the flying start to the year for global exchanges.
An update on global markets
Quarter one appears undaunted by ripple effects of COVID-19 across the world and the shaky handover of power in Washington, with global markets off to a flying start. The New York Stock Exchange had its strongest quarter since the pandemic first hit, and London saw its largest IPO since 2011. Shanghai also gained recognition for playing its part in China’s Silk Road program. As the quarter drew to a close; however, several high-profile techs found a cooler reception from the markets on debut.
2021: A SPAC Odyssey
As well as a roundup on the latest global listings, including London, the US, Hong Kong and China, this review looks into the rise of SPACs and their surge in popularity which sees them rivaling IPOs as a way of taking companies public. We delve into the performance of SPACs and where they get their growing, pulling power from.