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Email Until the last month, the market in the U.S. for special purpose acquisition company (“SPAC”) IPOs has been booming. For example, in the first three months of 2021, there were 298 IPOs of U.S. SPACs, which raised in aggregate $87.07 billion. That booming market has not included the UK, where during the same period, there were no SPAC IPOs. https://www.cadwalader.com/resources/clients-friends-memos/the-fca-consults-on-uks-investor-protection-rules-for-spacs