Why IPOs Stopped In 2022, Are SPACs A Ponzi Scheme?
"In 2021, over 1,000 IPOs were SPACs and the SPAC market was dead in 2022. There was a weakened stock market, aggressive interest rate hikes, inflation, fear of a recession, rising geopolitical tensions, and poor post-IPO performance. SPACs were somewhat of a Ponzi scheme to begin with, but they are likely to return when IPOs return. Tech IPOs to watch are Stripe, Databricks, Instacart, and ByteDance (TikTok)," says Greg Martin.