曾经火爆的SPAC狂潮降温后卷土重来，发行创3月来新高_老虎社区_美港股上老虎

曾经火爆的SPAC狂潮降温后卷土重来，发行创3月来新高

华尔街见闻2021-11-04

还记得 2020 年到 2021 年期间火爆的特殊目的收购公司 SPAC 么，当时IPO发行呈现爆炸式增长，仅三个月超100家上市。SPAC泡沫膨胀到空前的水平，引起了人们的广泛关注，但其投资回报与热度大不相符，半数SPAC投资回报率比罗素3000指数回报率低42%。此前，华尔街见闻 VIP 会员文章《SPAC狂潮余波：捡完“狗屎”又开始抢“垃圾”》也提示投资者，SPAC狂潮是美股市场极高风险...

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2020 年到 2021 年期间火爆的特殊目的收购公司 SPAC 么，当时IPO发行呈现爆炸式增长，仅三个月超100家上市。SPAC泡沫膨胀到空前的水平，引起了人们的广泛关注，但其投资回报与热度大不相符，半数SPAC投资回报率比罗素3000指数回报率低42%。\n此前，华尔街见闻 VIP 会员文章《SPAC狂潮余波：捡完“狗屎”又开始抢“垃圾”》也提示投资者，SPAC狂潮是美股市场极高风险...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3644075\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://wallstreetcn.com/articles/3644075","article_id":"2180763612","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/e9c35ed98221796867ee3eb028c7fe9e"],"rights":{"source":"wallstreetcn_api","url":"https://wallstreetcn.com/articles/3644075","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2180763612","pubTimestamp":1635984775,"columns":[],"sourceInfo":{"source_id":"wallstreetcn_api","name":"华尔街见闻"},"weMediaInfo":null,"summary":"根据 SPAC Insider 的数据，共有 57 家特殊目的收购公司在 10 月份开始交易，这是自 3 月份发行 109 家 SPAC 以来的最高水平。10 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认股权证的新会计指南，要求保荐人重述其财务文件，这导致发行量大幅放缓。\nSEC 主席 Gary Gensler 一再警告保荐人和股东之间的利益不一致的问题，并表示需要更多的披露：\n\n SEC （的监管制度）的重点是透明度、利益冲突和对股票稀释的担忧，我认为，一旦美国证券交易委员会感到放心并且投资者睁大了眼睛，它（SPAC）将变得就像任何其他被广泛接受的融资结构一样，它肯定会留下来。\n\n虽然 SPAC 发行量已经反弹，但股票表现却没有。CNBC SPAC 50 指数按市值跟踪美国 50 家最大的合并前空白支票交易，今年仍下跌约 3%。\n与此同时，由于投资者兴趣减弱，SPAC 赎回一直在攀升。根据巴克莱银行的数据，SPAC 的平均赎回率（投资者在收购完成前赎回的股份的百分比）在今年第一季度跌至历史低点后，在过去两个季度有所上升。","kind":"highlight","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":848146960,"gmtCreate":1635985785221,"gmtModify":1635985786600,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"42e9bec0","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/848146960","repostId":2180763612,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6444662,"gmtCreate":1635985790891,"gmtModify":1635985790921,"authorId":4088125554959510,"author":{"id":4088125554959510,"idStr":"4088125554959510","authorId":4088125554959510,"name":"42e9bec0","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":848146960,"type":1,"supId":0,"prevId":0,"content":"[微笑]","text":"[微笑]","html":"[微笑]"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":5,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}