CPNG - Global IPO market in Q1 on a rampage despite faltering SPACs: Bloomberg

Bloomberg data indicate that a record $162.4B (vs. $37B in first three months of 2020) as been raised by 600+ issuers in 2021, the highest-ever, with SPACs accounting for half of the proceeds.Unprecedented monetary and fiscal stimulus, ultra-low interest rates and global markets at record levels pushed both traditional and SPAC listings.With rising bond yields and pandemic-winner stocks loosing traction, an index that tracks SPAC listings slumped 17% from February high levels.SPACs ETFs Watch: (SPAK) dropped 14% from Feb.16 until date while (SPCX) was down 8% from Feb.8 levels until date."Volatility will weigh on the IPO market to the extent that investors may become more selective about the offerings they participate in, whereas when U.S. indexes and tech stocks are booming, there’s a tendency for investors to be less selective," James Palmer, the head of equity capital markets for Europe, the Middle East and Africa at Bank of America commented.South Korean

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Global IPO market in Q1 on a rampage despite faltering SPACs: Bloomberg