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With valuations on US startups skyrocketing, SPACs are starting to shop overseas

SPACs
Business Insider Fews App News Provider
Fews App Post Time 34d ago

Summary List PlacementAbout 150 special access acquisition companies (SPACs) are searching for a tech startup to buy at the moment, according to S&P Global Market Intelligence's 451 Research, yet since the beginning of 2020, there have only been about 80 reverse mergers completed. That's a sign that there may be more SPACs in the hunt than there are attractive startups to acquire, the research firm said. Plus, a key source of funding for SPACs has begun to dry up as well, as private equity firms have slowed their interest, Insider's Reed Alexander reports.

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