Summary List Placement
Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:
There’s “congestion” in the PIPE market — here’s what that means for SPACs.
JPMorgan’s summer interns for two key business lines will likely work in the office.
Bankers at Goldman Sachs and Deutsche Bank explain why the Latin American bond market is booming.
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The SPAC M&A frenzy has finally reached its limits and a huge funding logjam is starting to form
PIPE, private investments in public equity, is a key piece of funding that SPAC sponsors sometimes rely on to raise extra capital in order to get transactions done. However, bankers and sponsors warn that PIPE funding has started to dry up in recent weeks.
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JPMorgan just told New York- and London-based investment-banking and sales and trading interns to get ready to head to the office for their summer programs
Source:: Businessinsider – Finance