SPACs Take Few Companies Public Despite $11.7 Billion IPO Haul

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US Stocks:After a flurry of IPOs that raised $11.7 billion this year, a new crop of blank-check firms are joining a long queue: all the other vehicles waiting for the chance to take a company public.The rush of initial public offerings marks the busiest start to a year since 2021’s boom, with a whopping 53 companies raising four times as much as in the same period last year, according to data from SPAC Research, which tracks the industry. The 13 announced mergers since Jan. 1 can’t keep up with the flow of deal-needy special purpose acquisition companies being created.