One of the biggest words for investors in 2021 was SPACs. While special purpose acquisition companies have been around for years, 2021 became the year that they took over the market in terms of IPOs and as a conversation topic.
Over 600 new SPACs went public in 2021 and over 150 deals were announced last year. Here’s a look back at how the SPAC market shaped up, with thoughts from two well-respected names in the SPAC industry.
The SPAC Experts: Benzinga talked 2021 SPAC deals and news items with Julian Klymochko, founder and CEO of Accelerate and Nick Gershenhorn, the founder of SpacTrack.IO, a leading SPAC data and insights website.
Best SPAC Deal 2021: Klymochko and Gershenhorn both selected Lucid Group (NASDAQ: LCID) as one of the best SPAC deals of 2021.
“CCIV/LCID for many reasons – great performance, largest PIPE ever, highest priced PIPE ever $15, put SPACs on the map,” Klymochko said.
Gershenhorn ranked CCIV/Lucid as a top-two deal in 2021.
“CCIV & Lucid for the fanfare it created around SPACs and strong sustained price action. The stock is still sitting at over 3X SPAC IPO price even after the bloodbath across the asset class,” he said.
Gershenhorn selected the deal between IPOE and SoFi ...
Related tickers: GOOG, STEM, FB, GOOGL, TWTR, TALK, SOFI, GRAB, PSTH, SEAH, LCID, ATIP, DWAC.
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