igamingbusiness . com
What ’ s your view ? Tweet @ iGamingBusiness
7
“ When we first decided to do it in late summer 2019 , everybody thought SPACs were the stupidest thing for people to do ”
JASON ROBINS , DRAFTKINGS
Chart 1 : SPAC gross proceeds 2010-2021 ($ bn )
100
80
60
40
20
0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2020
Source : SPACInsider in the first two months of this year had already almost eclipsed the total from the whole of 2020 . And this came after 2020 itself produced a huge uplift in SPAC activity .
Such obvious enthusiasm has already engendered questions in the financial community regarding whether this is a SPAC bubble . Chart 1 would certainly suggest something along these lines and this may or may not become an obstacle for those looking at the SPAC route later this year .
But what is clear to date is
May 2021