Title pretty much sums up my question. I am doing a research report focusing on SPACs and having trouble finding how SPACs find target companies. Are investment bankers pitching ideas to the SPAC leadership? I was thinking it's probably some sort of mix of internal sourcing and using bankers or brokers. Any help or good resources for me to look into would be much appreciated.
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top intel told me these days they get the analyst to pull up a 1000+ company factset screen on a 100 inch TV and then throw a dart
the pipe they then raise pays for 500 more tvs so they raise another spac weeks later
1) Internal sourcing as well as 2) banks pitching their sell-side mandates and 3) their buy-side advisors screening for potential targets to approach
I'll add that the founders of SPACs are usually senior in their respective industries and/or famous so they'll have a lot connections of their own. Otherwise the comment above sums it up perfectly.
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