Monday, July 26

SPAC activity

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Nearly 600 IPOs rolled out globally in the second quarter, dominated by traditional listings while SPAC activity cooled, says EY

597 IPOs came online in the second quarter of 2021, the busiest quarter for that market in 20 years, said EY. There were 59 SPAC IPOs during the period, a slowdown from 299 during the first quarter. But SPAC activity is poised to pick up again in the second half of 2021. LoadingSomething is loading. The second quarter of 2021 marked the most...
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The SEC is reportedly looking into conflicts of interest among major banks in the SPAC deal-making process

The headquarters of the US Securities and Exchange Commission are seen in Washington Thomson Reuters The SEC is investigating banks over conflicts of interest in the SPAC deal-making process, Reuters first reported. In particular, the regulator is looking into instances of banks acting as underwriter and adviser on the same deal. The SEC has requested information from top SPAC underwriters including Morgan Stanley and Goldman Sachs. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The US Securities and Exchange Commission is investigating major banks over conflicts of interest in the SPAC deal-making process that exploded in the past year, Reuters first reported. In particular, the regulator is looking into instances wherein the banks acted both as the ...