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Steven Goldberg Comments on Growing Number of Blank-Check IPOs

News / June 22, 2020

Partner Steven Goldberg is quoted in an article published by Law360 on June 19, 2020. The article, “3 Trends Underlying the Boom in Blank-Check IPOs,” discusses blank-check companies, also known as special purpose acquisition companies, or SPACs. These are shell entities formed by management teams looking to acquire an operating business and take it public and the number of blank-check offerings has grown to make up about 20 percent of all IPOs in recent years.

“There is a lot of investor appetite right now for SPACs," Goldberg told the publication. He also noted that SPAC investors have significant protections. “That relative safety and the promise of opportunities has been really an accelerator for these kinds of companies,” he said.

Read the article (registration required).

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