Latest News

Ark Invest’s Cathie Wood: ‘Too much money’ is chasing too few good opportunities in SPACs

0

Cathie Wood

Source: CNBC

Ark Invest’s Cathie Wood on Tuesday raised concerns about investors pouring cash into speculative SPAC deals.

“We think there will be some accidents in the SPAC space given how much money has been thrown at it,” Wood said during an Ark Invest webinar on Tuesday. “I’m always concerned when I see too much money chasing perhaps too few really good opportunities.”

Special purpose acquisition companies have raised nearly $100 billion in the first three months of 2021, according to data from SPAC Research. Meanwhile, in all of 2020, there was $83.4 billion in issuance, the firm found.

Government agencies must update Microsoft Exchange as feds warn of ‘unacceptable’ security risk

Previous article

GOP donors, leaders discussed plans to take on Big Tech, corporations during Mar-a-Lago retreat

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News