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  "documentTitle": "Merging with SPAC",
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  "authorName": "Mayer Brown, PwC",
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  "notes": "The slide shows a clear trend of SPACs becoming a dominant portion of both IPO volume and proceeds.",
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      "text": "Having reemerged from the shadows, SPACs are expected to continue their rise in the coming years.",
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      "text": "US IPO volume by sector",
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      "text": "US IPO $-proceeds by sector (in billions)",
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      "kind": "list",
      "text": "Financial Services; TMT; Consumer Markets; SPAC; Industrial Products; Health Services; Energy, Utilities & Mining",
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      "text": "IPO volume: 318",
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      "kind": "source-note",
      "text": "*Source: Dealogic as of 5/14/21. Excludes non-US offerings, non-SEC registrants, SPVs, closed-end funds, offerings less than $25 million, and offerings that took place on OTC or pink sheet exchanges. All dual listed IPOs include the US portion only for deal value.",
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      "text": "Having reemerged from the shadows, SPACs are expected to continue their rise in the coming years.",
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      "kind": "title",
      "text": "SPACs: no longer shunned on Wall Street",
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