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SPACs and Direct Listings: The Death Knell for Traditional IPOs?
Despite the social and economic devastation wrought by the Covid-19 pandemic, the year 2020 has witnessed an initial public offering (IPO) boom in the U.S. capital market—494 IPOs were recorded for the entire year and $174 billion raised, more than twice the scale in 2019, making it literally the busiest year for IPOs since the…
The COVID-19 Pandemic Witnessed the Weakened Authority of the WHO
When it comes to global health, the World Health Organization (WHO) is the most widely acknowledged international authority and the major coordinator of international efforts to contain communicable diseases. However, the organization is now under close scrutiny as the media and governments of some Member States have accused the WHO of responding to the unprecedented crisis in a disappointing way…