Ark Make investments’s Cathie Wooden on Tuesday raised considerations about buyers pouring money into speculative SPAC offers.
“We predict there will probably be some accidents within the SPAC area given how a lot cash has been thrown at it,” Wooden mentioned throughout an Ark Make investments webinar on Tuesday. “I am at all times involved once I see an excessive amount of cash chasing maybe too few actually good alternatives.”
Particular objective acquisition corporations have raised practically $100 billion within the first three months of 2021, in line with information from SPAC Analysis. In the meantime, in all of 2020, there was $83.4 billion in issuance, the agency discovered.