Jay Ritter

Wall Street’s hottest financing tool makes me worry about the market

Shaq, Playboy and Nikola are all on the blank-check bandwagon, part of a boom in SPACs that is unsettling to Wall Street Journal reporter James Mackintosh. Mackintosh spoke with Cordell Eminent Scholar Chair Jay Ritter to get his assessment of SPACs, which offer a simpler and quicker alternative to an IPO for private companies that otherwise face prodigious amounts of paperwork to list. Read more in this story from The Wall Street Journal