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Will the SPAC Boom Benefit Investment Banks?

Two names are well-positioned to capitalize on potential SPAC opportunities.

Michael Wong, CFA, CPA

Nov 5, 2021

Mentioned: SoFi Technologies Inc (SOFI) , Lucid Group Inc (LCID) , Morgan Stanley (MS) , Raymond James Financial Inc (RJF) , Stifel Financial Corp (SF) , Goldman Sachs Group Inc (GS) , Evercore Inc (EVR) , Lazard Ltd (LAZ)

Special purpose acquisition companies, or SPACs, have become especially popular in the past couple of years. A SPAC is formed and taken public in an initial public offering with the sole intention of merging with a private company, thereby taking the private company public.

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Michael Wong does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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