Vincent Boland: Hunting in Spacs – the craze sweeping the stock markets
The special purpose acquisition company phenomenon is an asset class in search of assets and its emergence is hardly surprising, given the IPO market’s structural problems, but these issues must be sorted out once and for all
In the summer of 2019, a company called WeWork tried to list on the stock market by the front door. Like every business taking the orthodox route of an initial public offering, the office rental company assembled a team of investment bankers and lawyers, published a fat prospectus offering potential investors a peek at its finances, and opened itself up to media scrutiny.
The upshot was one of the biggest flops in the history of Silicon...
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Vincent Boland: South Korea’s billionaire dynasties face a reckoning as their family businesses outgrow them
For all its modernity, the country’s corporate sector is stuck in a peculiarly Korean time warp, and this is especially true of Samsung, which is now too big for the Lee family who controls it
Vincent Boland: Buried in the wreckage of the Super League is a goal that will eventually come to pass
Last week’s disastrous launch of the European Super League was yet another instance of how the world’s biggest sport has become enslaved by its own popularity
Vincent Boland: Naive Cameron’s bromance ends in controversy and recrimination
The scandal currently consuming David Cameron is an example of what can happen when a financier with a big idea encounters a captive audience unable to figure it out
Vincent Boland: Hope has turned into expectation: we will overcome this pandemic
The early days of the Covid-19 pandemic were dominated by loudmouths, incompetents and populists. Then the serious people took over