Paul Hastings’ Securities and Capital Markets Practice Advises on over 70 SPAC IPOs in Q1 2021
April 07, 2021
Paul Hastings’ global Securities and Capital Markets practice has accelerated its strong momentum in Equity Capital Markets, advising on over 70 special purpose acquisition company (SPAC) IPOs in the first quarter of 2021. These include 18 SPAC IPOs that have closed during Q1, approximately 50 active SPAC IPOs filed or submitted with the SEC in the pipeline for Q2 and Q3 2021, as well as dozens of additional SPACs looking to start the registration process.
Paul Hastings continues to be a market leader for SPACs, which accounted for half of the total IPO market in 2020. That trend has accelerated in 2021 with SPACs accounting for 80% of the total IPO market in Q1.
- In Q1, Paul Hastings’ advised on SPAC IPOs in a variety of sectors, including a focus on high growth areas like Fintech, Technology, and e-commerce as well as Real Estate and Consumer.
- SPAC IPOs are increasingly proliferating in geographies outside of the United States, and Paul Hastings has been active on this front in Asia, Europe, and Latin America.
- Paul Hastings’s Securities and Capital Markets practice partners with virtually every investment bank in the SPAC IPO market, including Citigroup, Credit Suisse, Goldman Sachs, Jefferies, JP Morgan, Morgan Stanley and UBS, as well as top tier SPAC sponsors.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.