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FCA prepares for London to join the race to SPAC investor hell as London goes for gold in the fraud Olympics

By Tom Winnifrith | Wednesday 31 March 2021


 


There were 190 IPOs of Special Purpose Acquisition Companies (SPACs) in the USA last year, none in Britain. But like other ghastly Americanisms including Trick or Treat, rap music and Meghan Markle, eventually all the rubbish ends up here too. But fear not, the FCA has plans to regulate SPACs so that they can list on the London Stock Exchange and has today launched a consultation exercise. My submission, if there was any point, would be to just say No!

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