Goldman Sachs' guide to the hot SPAC market and why investors should be careful

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Goldman Sachs' guide to the hot SPAC market and why investors should be careful
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New for subscribers: Goldman Sachs' guide to the hot SPAC market and why investors should be careful Check out CNBCPro for a free trial.

CNBC Pro subscribersFor investors wanting to cash in on this year's boom in the so-called blank check companies, Goldman Sachs said look before you leap.

It's been a mania in SPACs, or special purpose acquisition companies, as businesses shy away from the traditional initial public offering market roiled by the coronavirus pandemic and wild volatility. So far in 2020, there have been 51 SPAC offerings, raising a record $21.5 billion, up 145% from the same period a year ago, according to Goldman.

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