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SPAC Deals Seen as Key Path to Public Market in Data Center Boom

SPAC Deals Seen as Key Path to Public Market in Data Center Boom
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SPAC Deals Seen as Key Path to Public Market in Data Center Boom The rebound in blank-check companies is proving to be a useful route to public markets for companies involved in the artificial intelligence-data center build-out, said Betsy Cohen, a veteran of SPAC dealmaking. The Cohen Circle LLC co-founder, speaking on Bloomberg TV’s weekly deals show Wednesday, said that some tech startups focused on powering data centers or creating faster, more powerful quantum computers have seen SPACs...

SPAC Deals Seen as Key Path to Public Market in Data Center Boom The rebound in blank-check companies is proving to be a useful route to public markets for companies involved in the artificial intelligence-data center build-out, said Betsy Cohen, a veteran of SPAC dealmaking. The Cohen Circle LLC co-founder, speaking on Bloomberg TV’s weekly deals show Wednesday, said that some tech startups focused on powering data centers or creating faster, more powerful quantum computers have seen SPACs as a better option than traditional initial public offerings. That’s a switch from the 1990s, when SPACs were first used to provide capital to the steel industry.
SPAC (ORG) Data Center Boom SPAC Deals Seen (LOCATION) Data Center Boom (LOCATION) Betsy Cohen (PERSON) The Cohen Circle LLC (ORG) Bloomberg TV’s (ORG)
Originally published by Bloomberg Technology Read original →