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.
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