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Last year's top 3 SPAC underwriters retreat amid changing regulations

May 12, 2022

Drawn in by record issuance and massive fees, the SPAC market’s most active underwriters shifted in 2020 from specialty and boutique firms to the bulge bracket banks. Now, in the wake of the SEC’s regulatory crackdown, the SPAC market’s three largest underwriters are in retreat.

This week it was reported that Goldman Sachs...

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