Foreign versus domestic SPACs in the US Market
Journal
European Financial Management
ISSN
1354-7798
1468-036X
Date Issued
2024-07-26
Author(s)
DOI
10.1111/eufm.12511
Abstract
This study compares domestic and foreign special purpose acquisition companies (SPACs) listed in the US market. Compared with domestic SPACs, we find that foreign SPACs raise lower proceeds from initial public offerings and private investments in public equity funding. Additionally, redemption rates of foreign SPACs are higher than those of domestic SPACs. Our findings suggest that foreign SPACs face a competitive disadvantage due to their limited networks in the US market.
Subjects
de-SPACs
Domestic SPACs
Foreign SPACs
IPOs
Publisher
Wiley
Type
journal article