Stock Groups

Goldman sees a trade in some less risky SPACs amid market washout


A trader works on the floor at the New York Stock Exchange (NYSE) in New York, August 20, 2021.

Andrew Kelly | Reuters

The SPAC market is undergoing a drastic shift amid issuance overload and regulatory pressure as 93% of active deals are now trading below their key $10 offer price, according to Goldman Sachs.

The Wall Street firm stated that investors can cherry-pick winners from the cooling market, as discounted deals offer attractive yields.