White & Case LLP hosted the first webinar in the 2020 Autumn Seminar Series on 3 November, 2020, bringing together market experts to debate and comment on issues relevant to the SPACs market, including an introduction by our leading US SPAC expert, Joel Rubinstein.
2020 is set to be the most active year ever for Special Purpose Acquisition Companies (SPACs) in the US. So far this year 133 SPACs listed in the US, raising more than US$50 billion. Despite signs of interest in EMEA, these volumes have yet to translate across the Atlantic.
Our panel discussed why SPACs are so active in the US, but not in EMEA, and the structural or regulatory reasons behind the holding back of activity in EMEA. Our panelists also looked at the pros and cons of using a SPAC to obtain a listing compared with the traditional IPO route.
|Ortenca Aliaj, M&A Correspondent, Financial Times
Ortenca has written extensively about both the US SPAC market and the lack of European SPACs.
|Paddy Evans, Head of UK ECM, Citi
Paddy recently lead on the Broadstone Acquisition NYSE SPAC focusing on the UK as well as multiple UK SPACs.
Adam Kostyál, Senior VP, Head of European Listings, Nasdaq
|Ferigo Foscari, Partner, White & Case|
|Joel Rubinstein, Partner, White & Case|
|Jonathan Parry, Partner, White & Case|