Money Makers Mentor

IPOs SPACs Life Sciences the Rise in Popularity

Despite the COVID-19 global pandemic, 2020 was an eventful year in the life sciences and technology sector. This was mainly due to the popularity rise of the special purpose acquisition companies IPOs SPACs on Wall Street. SPACs have increasingly gained popularity because they give companies the option of going public. This without dealing with the delays and obstructions involved in an initial public offering (IPO). Through an IPO, a company can only go public after revealing most of its business operations and convincing investors to contribute money to the company in exchange for its shares.

Rise

Even with the rise of SPACs’ popularity, the IPO market was not negatively impacted. In fact, the IPO market reached its highest peak in 20 years during 2020 and the COVID-19 p…

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