A SPAC (special purpose acquisition company) is a shell company set up by industry experts with the sole purpose of raising money from investors through an IPO to acquire an early-stage company. These "blank cheque companies" have been around for decades, but in recent years, they have seen a huge surge.
SPACs raised a record US$83bn in proceeds from 248 SPAC IPOs in 2020, compared with US$13.5bn from 59 IPOs in 2019. In the first quarter of 2021, there have already been 298 SPAC IPOs raising over US$88bn. As a faster alternative to an IPO, SPACs allow growth companies to become public without execution risk of a typical IPO process. Investing in younger, less-established companies offers significant upside potential but also carries elevated risks.
Our upcoming webinar will focus on the key trends, potential concerns, and best practices in SPAC investments in 2021.
Hello, I am Yogesh Khairajani, Global Market Strategist at Century Financial. With over 3 decades legacy, Century Financial is a pioneer in global financial investments in the UAE.
My expertise spans across Performance & Portfolio Management, Investments, Risk Management, Financial Analysis and Wealth Management. I am passionate about training prospective investors (from novice to experienced) and I have conducted over 200 training sessions, seminars, webinars and workshops.
Besides my professional commitment at Century , I also actively manage a trading blog site that talks about investment and trading with a dash of humor. I am an active writer on Quora and regional publications. Lastly, I love to travel around the globe.
Yogesh is qualified with International Certification of Wealth and Investment Management (ICWIM) from CISI and holds a degree in Business Administration from Institute of Management Sciences, Lucknow.
He has completed the following professional certifications from CISI:
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