The market for special purpose acquisition companies’ initial public offerings slowed in April from rapid first quarter growth with increased oversight by the U.S. Securities and Exchange Commission.
A Law360 article notes that Ropes & Gray worked on six SPAC IPO deals that priced in April. Capital markets partner and co-chair Paul Tropp (New York) explains that the firm is now working on a number of SPAC IPO transactions and that companies are just waiting for market condition to become more constructive.
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