The Blank-Check Boom: Are Spacs Here for the Long Term?
This type of investing has been present since 2016 however the multi-billion dollar deals that started the"blank-check boom" happened in early 2021, February 2021 generating a massive $54.4 Billion across 177 deals. Some investors are willing to use their large risk appetite to potentially generate 20-30% returns over the course of a few short months post-IPO while others may criticize this type of investing. Regardless, SPACs have proven to generate an enormous amount of funds and attention from all market players including celebrities like Alex Rodriguez.
In this presentation we will explore how to:
- Use Bloomberg Equity tools to identify newly announced SPACs, their current market value, and how to search for tickers using our own screening criteria
- Identify major trends in the SPAC world based on geography and sector
- Review the major differences between buying a SPAC share and a standard IPO share
Speakers
kai blatnicky
Equity Specialist
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Kai Blatnicky spent 15-years as an M&A investment bankers at CIBC World Markets in both Canada and the U.S. before transitioning to the buy side where he was an Analyst at Millennium Management, a large New York Hedge Fund. After Millennium, Kai was a Portfolio Manager for a US mutual fund focused on dividends. Kai has been at Bloomberg for more than six years and helps clients with equity functionality. Kai graduated from McGill University in Canada and holds the CFA and CAIA designations.
Joy Lowenwirth
Americas Education Application Specialist
Bloomberg
Joy Lowenwirth earned her Masters degree in Teaching from the University of North Carolina at Chapel Hill in the U.S. and began her education career as a secondary school English teacher. Interested in curriculum development and training teachers, she moved behind the scenes to work as the National Content Director for School-Based Programs at education company The Princeton Review designing, developing, and overseeing the creation of curricula, online courses, textbooks, assessments, and trainer trainings. She also worked at non-profit organization Teach For America as Managing Director of Professional Development, shaping and executing strategies to improve teacher effectiveness program-wide. Her education experience brought her to Bloomberg's education venture. She headed up the content team and psychometrics for the Bloomberg Aptitude Test. And when the team shifted from the test to a course, she led content creation for the e-learning course Bloomberg Market Concepts, a course introducing university students to finance via the lens of the Bloomberg Terminal.