Finance Watch: SPAC Spree To Continue ‘For Foreseeable Future’

BIO CEO Panel Discusses Pros And Cons

Public Company Edition: Merging with a special purpose acquisition corporation may be an attractive alternative to an initial public offering, but February’s vigorous IPO pace includes seven recent offerings that raised $480.8m in the US. Also, Cassava raised $200m and KalVista brought in $222.5m.

Finance Watch

A panel of drug developers, investors and advisors discussed the merits of going public in the US through an initial public offering or through a merger with a special purpose acquisition corporation (SPAC) during the recent BIO CEO & Investor Digital Conference and noted that the speed of a SPAC transaction is a definite advantage.

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