Beware of 'frothy' Spacs, London Stock Exchange boss tells investors

Hot trend a risk if plans to liberalise market rules go ahead, says David Schwimmer A "frothy" US market for Spacs could end poorly for some investors, with the trend a risk to UK investors if plans to liberalise market rules go ahead, according to the chief executive of the London Stock Exchange. Plans to liberalise rules regarding special purpose acquisition companies (Spacs) - "blank cheque" shell companies that raise money first and seek businesses to buy later - were announced earlier this ...