Essays about: "SPACs"
Showing result 1 - 5 of 17 essays containing the word SPACs.
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1. How do IPOs and SPACs differ in terms of post-listing performance, and how do insider and institutional ownership affect these differences?
University essay from Göteborgs universitet/Graduate SchoolAbstract : Initial Public Offerings (IPOs) and Special Purpose Acquisition Companies (SPACs) are the two most prevalent alternatives for firms seeking to list on the stock exchange, which we examine in this study. We study numerous parameters impacting the abnormal returns of IPOs and SPACs and, compare their performance in the short-term and long-term using regressions and current literature to explain the discrepancies. READ MORE
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2. SPAC Post-Merger Performance in the New Regime - An Agency Perspective
University essay from Göteborgs universitet/Graduate SchoolAbstract : SPACs are shell companies without operations created to raise capital in an IPO and subsequently identify a non-listed operating company to merge with. As of the last three years (2019-2021), the SPAC has witnessed a significant surge in popularity on the back of several tailwinds, including regulatory legitimization efforts and the participation of blue-chip sponsors and investors. READ MORE
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3. Master’s Thesis in Finance Short-term SPAC Performance- Empirical Evidence on Pre-merger SPAC Performance
University essay from Göteborgs universitet/Graduate SchoolAbstract : The paper aims to shed light on the topic surrounding short-term SPAC performance. The primary focus is on whether two of the most prominent events in a SPACs lifecycle, merger announcement and merger completion, show signs of abnormality regarding short-term returns. The event study documents a 5. READ MORE
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4. Dancing in the dark: A study over SPAC performance
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This paper aims to examine what factors that determine default-free SPAC period returns and explore why the popularity of SPACs has drastically increased in recent years. This is done using a dataset of 345 SPACs listed on the New York Stock Exchange and the NASDAQ. READ MORE
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5. Going Public in Difficult Times - A Case Study on the Iridium Space SPAC
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This case study finds that a special purpose acquisition company (SPAC) was utilized by Iridium Communications (Iridium) as alternative equity financing when all other options had been eliminated. SPACs present certain problems with warrants and dilution, but they are flexible in structure. READ MORE
