Excerpt from Blogging Stocks
by Tom Taulli
Equities are ailing. And yes, the IPO market is basically dead.
But there is a bright spot: Special Purpose Acquisition Corporations (known as SPACs). Essentially, this is a new-fangled public offering.
So, what’s going on here?
Well, I had a chance to interview Andre Peschong, who is a veteran investment banker and has his own blog, Deal Flow Diaries.