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Behind the Boom in Health Care IPOs and SPACs
Manage episode 345546653 series 3409958
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Initial public offerings reached record highs in this year, both in volume and the amount of money raised. No less than 365 companies went public in the first quarter alone, a 677% increase compared to the prior year. Many of these public offerings are driven by SPACs, or special purpose acquisition corporations set up for the sole purpose of raising capital to acquire a company and take it public. So why are so many companies opting to go public now? Zack Sopcak, Vice President of Investor Relations at UnitedHealth Group, offers his insights.
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