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Goldman sees a trade in some less risky SPACs amid market washout

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A trader works on the floor at the New York Stock Exchange (NYSE) in New York, August 20, 2021.
Andrew Kelly | Reuters

The SPAC market is undergoing a drastic shift amid issuance overload and regulatory pressure as 93% of active deals are now trading below their key $10 offer price, according to Goldman Sachs.

However, the Wall Street firm said investors could cherry-pick some winners in the cooling market as the discounted deals create an attractive yield.

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