NBXG - SPAC IPOs merger activity slows down substantially in Q2 S&P Global report says

Initial public offerings and merger & acquisition announcements involving special-purpose acquisition companies (SPACs) slowed significantly during Q2, according to an S&P Global Market Intelligence report. SPAC IPOs as a percentage of traditional IPOS fell to 26.7% in Q2 2021, the lowest level since 25.5% in Q3 2019. That slowdown is largely due to the Securities and Exchange Commission prompting SPACs to redetermine whether warrants they offered to investors are accounted for appropriately on their balance sheets as debt or equity, the report said. The total number of SPAC IPOs in Q2 2021 dropped to $11.7B from $91.4B in Q1 2021, with the number of deals declining to 52 from 275. In Q2 2021, global IPOs offered $141.5B of securities in 723 transaction, down from $204.4B in 826 transactions ion Q1 2021 and up from$131.0B in 686 transactions in Q4 2020. AppLovin (NASDAQ:APP) was the biggest U.S. IPO in Q2 2021,

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SPAC IPOs, merger activity slows down substantially in Q2, S&P Global report says