NEW YORK–(BUSINESS WIRE)– #IPO–ICR, a leading strategic communications and advisory firm, today released its January 2024 SPAC Market Update & Outlook report. In 2023, the SPAC market worked through the issuance and deal-making excess of 2020 and 2021. Only 32 SPAC IPOs priced as investors placed greater importance on sponsors with a track record of success. The average SPAC IPO size declined to $125 million, down 21% from 2022, as sponsors acknowledged lower median deal values; 14% of mergers
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