According to SPAC Insider, 243 SPACs were introduced this year, four times the number raised last year, according to SPAC Insider. The average size of a SPAC in 2020 was $335 million, nearly 10 times the amount in 2009. Other SPAC deals announced in recent weeks include proptech company Open Door Labs and fintech firm Katapult. “We felt like becoming a public company was a natural evolution for Janus, given the strength of our platform, the growth opportunities, as well as leadership,” he said. Juniper Industrial Holdings had raised $345 million in its initial public offering in November 2019.

Source: Forbes December 22, 2020 17:45 UTC