Around 130 SPACs have gone public this year - more than in the first 9 months of 2020 - as the Wall Street craze goes into overdrive

Feb 11, 2021 - Business Insider

The mania for blank-check companies that took off in 2020 has exploded in 2021, with 133 SPACs raising around $40 billion on the US stock markets as of Wednesday - and celebrities like Colin Kaepernick getting in on the new Wall Street craze.

It took until early October in 2020 for the 133-SPAC mark to be reached, according to data from investment firm Accelerate, giving a sense of the boom in popularity of special purpose acquisition companies. Just...