SPACs Have Raised More in 2020 Than the Last 10 Years Combined
- More than half has come in since July 1, Bloomberg data show
- Bill Ackman, Gary Cohn among financiers starting the vehicles
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Blank-check companies are having a record-breaking year, raising about $41 billion so far, according to data compiled by Bloomberg.
That’s more than the last 10 years combined, the data show, and much of it is recent: About $29 billion has been raised since July 1. This year’s total comes from 109 deals, compared with $12.4 billion raised from 54 deals in 2019.