![]() Both sat for confirmation hearings in February, but their nominations have been held up since, largely over qualms about Ms. for blank-check funds this year has been about $321 million, according to SPACInsider, far more than in recent years.Ī week from now, the Senate Banking Committee is to vote on President Trump’s nominees for the Federal Reserve Board: Judy Shelton and Christopher Waller. As stock markets remain vibrant, the average I.P.O.And they’re often more feasible than direct listings, which tend to be better for well-known businesses like Spotify. document reviews and uncertainty caused by volatile markets. Richard Branson’s Virgin Galactic space-tourism business and the fantasy-sports site DraftKings both went public last year via blank-check mergers.įor selling companies, SPACs are quicker and easier than staging an I.P.O., which involves wooing prospective investors, S.E.C. ![]()
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