Posted AT 9:58 PM EST on 28/03/08
The hottest issue in this frigid market
NEW YORK and TORONTO — They have no assets to scrutinize, and no financial records to scour.
Many of them can't even tell you what sort of business they'll be dabbling in a month from now – if any at all. And yet special purpose acquisition companies, a niche product once confined to the shadows of the market, are suddenly among the hottest products on Wall Street, dominating an otherwise abysmal year for new stock listings.
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| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | +24.50 | 7,749.26 |
| DJIA | -38.55 | 7,513.74 |
| S&P 500 | -5.51 | 746.93 |
| Nasdaq | -1.00 | 1,315.12 |
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