Kaoboy Musings

Kaoboy Musings

Share this post

Kaoboy Musings
Kaoboy Musings
Re: Investing-Deep Dive on SPACS.
Copy link
Facebook
Email
Notes
More

Re: Investing-Deep Dive on SPACS.

I’ve been doing a deep-dive on the current SPAC phenomenon, which I call "SPAC Mania 2.0."

Michael Kao's avatar
Michael Kao
Mar 03, 2021
∙ Paid
1

Share this post

Kaoboy Musings
Kaoboy Musings
Re: Investing-Deep Dive on SPACS.
Copy link
Facebook
Email
Notes
More
Share

I’ll label the current wave “SPAC Mania 2.0” and compare it to “SPAC Mania 1.0” (roughly the period of 2005-2010). This thread encapsulates some of my findings/observations. Thoughts welcome.

First off, SPAC Mania 2.0 is much bigger. 2020 marked first year that SPAC IPOs meaningfully outpaced traditional IPOs, raising $83B. 2021 trends so far point to an…

Keep reading with a 7-day free trial

Subscribe to Kaoboy Musings to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Michael Kao
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More