SPACs Remain Discounted, Dell prices IPO

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Small Signs of Life in New Issue Market

There’s been a lot of chatter about the slowdown in SPAC new issuance, contributing to the negative sentiment surrounding SPACs. However, as we’ve discussed, 2021 IPO issuance is still at record highs and the slowdown is welcome given there are over 420 SPACs that are already trading and searching for targets. 

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