When the SPAC boom will spread beyond the United States?

Since they reappeared on the financial scene in 2020, SPACs are quickly gaining popularity beyond the United States and this kind of investment is likely to spread in other markets soon.

In this article published in Funds Society, Borja Miranda, Managing Director at Morrow Sodali, explains that certain modifications addressing cultural differences and practices will be required to see SPACs really take off in Europe.

The role of retail shareholders is another differentiating factor between Europe and the US, as well as the investors' profile and the governance trends.

For now, as outlined by Kevin Kelly, Managing Director and Head of SPAC Services at Morrow Sodali, “as long as the US continues to introduce SPAC with less risk and fewer regulations than elsewhere, it is likely to maintain its dominant position.”

Read the full article here (in Spanish).