text: Two investors weigh in: Is your SPAC just a PIPE dream? | Baltic Magazine
  Home IT Business – Tech Two investors weigh in: Is your SPAC just a PIPE dream?
  SPACs have been around for decades, but they took the 2020 IPO market by storm. For some context: 2020 had more than 248 SPACs — more than the sum of the SPACs in the previous decade. While SPACs and the general sentiment around them continue to evolve, 2021 started off strong with 298 newly formed blank-check companies to date that have raised a collective $ 95 billion (versus $ 83 billion in 2020). It's worth noting that there has since been some slowdown in new SPAC formation and an uptick in regulatory caution. We expect such shifts to continue in these early days.
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