Macro Minutes: SPACs: A Key Driver of Recent Equity Supply Trends

In May’s Macro Minutes video, Capital Markets Innovation Research Analyst Tom Kirby discusses recent equity supply trends, how Special Purpose Acquisition Companies (SPACs) fit into this big picture, and recent developments in the SPAC market.

Key Points

• Global aggregate equity supply expanded over the last 12 months.
• SPAC activity is a key factor of recent equity supply expansion, particularly in the US.
• Sentiment towards SPACs is recently challenged following increased scrutiny and poor performance.