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Some successful and highly publicized SPAC mergers this year have generated a lot of interest in the sector.
As a result, the number of SPAC IPOs has multiplied four-fold, mostly in the second half of the year.
We now have more than 300 SPACs looking for companies to acquire.
The quality of those acquisitions is sure to suffer as more and more SPACs chase limited opportunities. SPACs could become the "dot.coms" of the 2021 stock bubble.