Special-purpose acquisition companies are Wall Street’s latest craze, attracting everyone from celebrities to retail investors. An alternative to the traditional IPO, SPACs could transform tech investing and supercharge innovation. They are even shaping the post-Brexit battle to be Europe’s financial capital. But are these “blank-cheque firms” a mania, a useful innovation, or both? Simon Long hosts.
Please subscribe to The Economist for full access to print, digital and audio editions: www.economist.com/podcastoffer
","author_name":"The Economist"}