Short Sellers Are Betting More Against SPACs
By Merima in Business
Updated 3 years ago
Special purpose acquisition companies, or SPACs, are like quasi-IPOs. Initial offerings quadrupled last year. Short sellers have increasingly bet against the investments since the start of the year. SPACs are at $2.7 billion, more than triple the $765 million at the end of 2020. Blank check funds are hot. Wall...