Will the Spacs craze end in tears?
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Spacs, shell companies whose sole purpose is to buy another business and take it public, are wildly fashionable these days. Such is the excitement that the UK is eyeing a change of its listing rules to lure these vehicles to the London Stock Exchange. What could possibly go wrong? AJ Bell chief investment officer Russ Mould discusses the pros and cons of these blanc cheque firms.
