Wall Street’s SPAC Machine Picks Up Despite ‘Odd’ Lack of IPOs

Wall Street’s SPAC Machine Picks Up Despite ‘Odd’ Lack of IPOs

Even with markets rallying for months, the pace of traditional initial public offerings is behind what bankers expected. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon called the lack of deals “odd” before blaming costs and red tape.

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