Essays about: "Special purpose acquisition company SPAC"

Showing result 1 - 5 of 12 essays containing the words Special purpose acquisition company SPAC.

1. 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 School

   Author : Markus Henriksson; Theodor Hansson; [2023-07-03]
   Keywords : SPACs; Special Purpose Acquisition Company; IPOs; Initial Public Offering; Ownership Structure; Abnormal Returns;

   Abstract : 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

3. 2. SPAC Post-Merger Performance in the New Regime - An Agency Perspective

   University essay from Göteborgs universitet/Graduate School

   Author : Niclas Leksell; Marcus Silkisberg; [2022-06-30]
   Keywords : SPACs; Special Purpose Acquisition Company; IPO; Merger; Acquisition; Business Combination; Post-merger performance; Agency conflicts; Event study;

   Abstract : 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

4. 3. Going Public in Difficult Times - A Case Study on the Iridium Space SPAC

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Fabian Binder; Devon Carbone; [2022]
   Keywords : Special purpose acquisition company SPAC ; Financial Crisis; Satellites;

   Abstract : 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

5. 4. Playing Poker without Looking at the Cards—Does it Even Matter?

   University essay from Göteborgs universitet/Institutionen för nationalekonomi med statistik

   Author : Erik Hillestad Andréasson; Gustav Blomdahl; [2021-07-06]
   Keywords : Special Purpose Acquisition Company; SPAC; Stock Performance; Performance Determinant; Management characteristic; C-Suite; Gender Diversity; Scope;

   Abstract : In 2020, the recent boom of Special Purpose Acquisition Companies (SPACs) resulted in this financial vehicle overtaking traditional IPOs as the leading firm structure for taking companies public. The dormant structure of SPACs forces investors to primarily rely on the management team to find value-creating acqui-sitions. READ MORE

6. 5. Betting on the jockey rather than the horse : a study on the determinants of mergers of SPAC IPOs

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Johan Kajerdt; Andreas Rydberg; [2021]
   Keywords : Blank checks; Initial Public Offering IPO ; Mergers and Acquisitions M A ; Special Purpose Acquisition Companies; SPACs; Skalbolag; Börsnoteringar; Fusioner; Förvärv; Blank checks; Initial Public Offering IPO ; Mergers and Acquisitions M A ; Special Purpose Acquisition Companies; SPACs;

   Abstract : Special Purpose Acquisition Companies (SPACs) are public shell entities uniquely constructed to acquire one or more privately held businesses. The transaction's structural characteristics put significant pressure on the management team's capabilities to find a suitable company to acquire within the predetermined time frame. READ MORE