Martin Franklin Sees More Pain for SPACs as Craze Fades

Bloomberg Markets and Finance published this video item, entitled “Martin Franklin Sees More Pain for SPACs as Craze Fades” – below is their description.

APi Group Co-Chair Martin Franklin says he expects many SPACs, or special purpose acquisition companies, to “disappear” after increased regulatory scrutiny put a damper on the trend. “I’ve been saying this for quite some time that it was going to end badly and now it is,” Franklin says on “Bloomberg Markets.

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In This Story: Special purpose acquisition companies

A special purpose acquisition company, is a “blank check” shell corporation designed to take companies public without going through the traditional IPO process. SPACs allow retail investors to invest in private equity type transactions, particularly leveraged buyouts. Find out more.

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