Mergers and stock and bond offerings slowed in October to the lowest level in over a decade as the Fed’s rate hikes sucked capital out of the market
Mergers, stock and bond offerings slowed in October to lowest level in over a decade as Fed rate hikes sucked capital out of the markets
At their peak, SPACs accounted for 70% of all IPOs, with $95 billion raised. But now, the market has dried up and shares of companies that did SPAC deals have crashed. WSJ explains the decline of the IPO vehicle. Illustration: Ali LarkinAutumn is usually one of the busiest times of the year in finance but new stock sales, debt raises and corporate mergers all slowed to a trickle in recent weeks.
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