The Rise of SPAC in the Indian Context
Abstract
A Special Purpose Acquisition Company (SPAC) is a company with no commercial operations and which is formed primarily to raise capital through an initial public offering (IPO) with the intention of acquiring an existing company. SPACs have been around for decades and are also known as "blank check companies,". In recent times, SPACs have become much more popular; have attracted big-name underwriters and investors and have raised a record amount of IPO investment in the year 2019. To give an example of USA, till August 2020, more than 50 SPACs were formed which had raised approximately 21.5 billion dollars in investment.
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Published
10-08-2023
How to Cite
Paritaba Jadeja. (2023). The Rise of SPAC in the Indian Context. Vidhyayana - An International Multidisciplinary Peer-Reviewed E-Journal - ISSN 2454-8596, 9(1). Retrieved from https://vidhyayanaejournal.org/journal/article/view/926
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Research Papers