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Wall Street underwriters are making tons of money on SPACs: https://www.wsj.com/articles/spacs-rescued-wall-street-from-the-covid-doldrums-11611311580 https://w
by dhnajsjdnd 6y ago
Wall Street underwriters are making tons of money on SPACs: https://www.wsj.com/articles/spacs-rescued-wall-street-from-the-covid-doldrums-11611311580 https://www.wsj.com/articles/spacs-rescued-wall-street-from-...
- vtantia 6y agoThat is a good point but this is temporary. SPAC lords will reduce these margins soon enough. It is in their direct incentive to do so. This is a speculative assertion by me (one that I'm quite confident about), but I'm not sure one can be certain about the future