Family offices divided over the appeal of Spacs

What started as rising interest in Spacs in the latter part of 2020 has grown into a full-blown craze. And Asia's family offices are deciding whether to jump in as well.  Special purpose acquisition companies are essentially paper companies formed by wealthy individuals or private equity firms, which seek to merge with a private company that wants to go public. The number of Spacs across the world is growing fast. According to data from SPAC Research, 248 Spacs in the US raised …