Drew Bernstein, Co-chair, MBP, is quoted on MBP’s decision to create a team in Asia focusing on SPACs despite the inherent hurdles to the process outside of the U.S.
By James Thorne
Meanwhile, activity in China has yet to take off, despite a number of high-profile US IPOs of Chinese companies, such as Didi Global and Full Truck Alliance.
But that could soon change. Marcum BP co-chairman Drew Bernstein, who advises Chinese companies going public in the US, said his firm created a team in Asia focused on SPACs. The move was in response to a large number of SPACs being registered that are either seeking Chinese companies or have a Chinese investor base.