02 Dec 2024
The market is resembling the 1999 rally- focus on SPAC and crypto
16 Feb 2021
In 1999, the stock market was driven by a bonanza in tech during the so-called Dot-com bubble. It was clear that if you pressed in .com in the company name, you could raise capital without major problems. Most companies are forgotten today except maybe Yahoo and the like. This phenomenon is today matched by SPACs and crypto.
In this report, we take a closer look at how a SPAC is set up and by whom, for what purpose it is run and how much it has affected the market.