Most valuable: A man stands near a giant sign of ByteDance's app TikTok in Beijing. ByteDance is said to be worth US$250bil, based on recent private transactions in the secondary market. — Reuters
WITH so much liquidity being created and along with it an unprecedented rally in asset prices, the special-purpose acquisition companies (SPACs) space has been one large beneficiary of these flow of monies, as some US$97.3bil (RM402.68bil) have been raised in the US alone for the first quarter of the year, beating last year’s total fund raise of US$83.4bil.
According to SPAC Research, funds raised this year via SPAC were from 298 companies, which is already more than 20% the whole of last year’s total of 248 companies.
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