SPAC market expansion: why more private companies are electing the SPAC path presented by EY

Over the last several years, the market for special purpose acquisition companies (SPACs) has experienced significant growth and maturation, opening a viable alternative path to the public markets for more private companies than ever before. SPAC IPOs have generated more than $10 billion of proceeds each year since 2017, a milestone not previously seen since before the financial crisis of 2007 and 2008.