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SPAC listings hit a record high in 2020 — but what are these 'shell companies'?

SINGAPORE — The past year saw a record number of listings by special purpose acquisition companies — better known as SPACs, but these “shell companies” are hardly a modern phenomenon. From January to October 2020, some 165 SPACs were listed, according to financial markets data provider Refinitiv. That’s nearly double […]

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