Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, December 24, 2007

2007 is the Year of Blank Check IPOs

"Blank check" IPOs accounted for nearly 25% of all US IPOs in 2007 -- a total of 66 and a total capital raised of $12 billion.  In contrast, in 2006, blank check IPOs raised $3.4 billion and accounted for 16% of new issues.  WSJ, 'Blank Checks' Generate New Interest.

http://lawprofessors.typepad.com/securities/2007/12/2007-is-the-yea.html

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Comments

Do you have any concerns about the rise of these SPACs? It seems like the protections offered are more rigorous than Rule 419...

Posted by: Michael Rice | Dec 27, 2007 12:17:59 AM

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