Goldman Sachs sees Spacs driving a $900bn M&A frenzy.

Goldman analysts said they estimate $129bn of Spac capital is “currently searching for a target”.

Spacs could drive almost a trillion dollars in deals in the next two years, Goldman Sachs says. 

Special purpose acquisition companies have boomed since the beginning of the pandemic, reaching record highs. Earlier this month, Dealogic noted almost 300 listings globally this year, totalling $94bn.