SPAC to the Future: The Recent Resurgence of UK SPACS and Latest Trends

This article was originally published in Global Banking & Finance Review. Reprinted with permission. Any opinions in this article are not those of Winston & Strawn or its clients; the opinions in this article are the author’s opinions only.

Whilst the market for SPACs (special purpose acquisition companies) has been strong in the U.S. for a number of years, 2017 was a particularly strong year with just under $10 billion being raised in aggregate through 34 separate vehicles. This has acted as a driving force for SPAC IPOs everywhere, more so in the UK where in excess of $2.3 billion (£1.7 billion) was raised in 2017 alone.