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Goldman Sachs sees Spacs driving a $900bn M&A frenzy

Goldman says $129bn of Spac capital is 'searching for a target' as regulatory scrutiny slows the blank-cheque company trend

The boom in Spacs has pushed revenues at investment banks to all-time highs
The boom in Spacs has pushed revenues at investment banks to all-time highs Photo: Michael Nagel/Getty Images

Spacs could drive almost a trillion dollars in deals in the next two years, Goldman Sachs says. 

Special purpose acquisition companies have boomed since the beginning of the pandemic, reaching record highs. Earlier this month, Dealogic noted almost 300 listings globally this year, totalling $94bn.

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