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2021-02-28 — businessinsider.com
SPACs have become so popular even celebrities are getting involved. Both A-Rod and Colin Kapernick have taken part in SPACs in 2021, and the list of celebs entering the market continues to grow.
All this growth has some investment firms concerned. Data from the firm Accelerate shows SPACs are trading at a significant premium to their net asset value.
The firm said in a February 24 report that "SPAC NAV premiums remain disconcerting" and noted SPAC NAV premiums reached 26.9% in February before dropping to 20.9% after the SPAC market went through a correction.
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