Hi! In case you missed it, please see below today's most relevant fintech news. It’s not entirely clear why SPACs have become so popular over the past year. One explanation is that founders, VCs, and angel investors have become impatient: IPOs were long seen to be too scarce, too costly, and happening too late in a company’s life. Maybe there’s just too much capital to deploy and not enough return-generating assets in which to deploy it, with a growing appetite from investors for tech companies. In any case, where is Europe in this craze? If SPACs are a more convenient replacement for IPOs, then Europe should have been racing ahead in embracing them. The fragmented structure of the continent’s stock markets already makes them less of a good fit for the traditional IPO process. The current enthusiasm might not last, though. Three adverse trends could contribute to curbing it. Read more
Daily Fintech Newsletter | Mar. 8th
Daily Fintech Newsletter | Mar. 8th
Daily Fintech Newsletter | Mar. 8th
Hi! In case you missed it, please see below today's most relevant fintech news. It’s not entirely clear why SPACs have become so popular over the past year. One explanation is that founders, VCs, and angel investors have become impatient: IPOs were long seen to be too scarce, too costly, and happening too late in a company’s life. Maybe there’s just too much capital to deploy and not enough return-generating assets in which to deploy it, with a growing appetite from investors for tech companies. In any case, where is Europe in this craze? If SPACs are a more convenient replacement for IPOs, then Europe should have been racing ahead in embracing them. The fragmented structure of the continent’s stock markets already makes them less of a good fit for the traditional IPO process. The current enthusiasm might not last, though. Three adverse trends could contribute to curbing it. Read more