CHICAGO--(BUSINESS WIRE)--With the number of special purpose acquisition companies (SPACs) on the rise, Donnelley Financial Solutions (NYSE: DFIN), a leading provider of risk and compliance solutions, is helping deal stakeholders navigate that process.
In 2018, 46 SPAC IPOs raised over $10.7 billion, a 350% increase since 2016.1 As the market has embraced SPACs as an alternative to traditional IPOs, DFIN and its best-in-class technology platform aim to simplify the complex SPAC life cycle, making it a seamless process from initial S-1 disclosure to proxy to 8-K to post-transaction filings.
“Through the fast-paced, constantly-changing market of SPACs, DFIN continues to serve as a trusted resource to clients and partners. The number of SPAC IPO transactions and their gross proceeds have exponentially increased recently, and it’s widely expected that this upward trend will continue to increase in 2019,” said Craig Clay, president, Global Capital Markets, DFIN. “We’re here to guide investors in this critical juncture of navigating SPAC challenges.”
DFIN’s technology solutions, ActiveDisclosure℠ and Venue®, provide end-to end solutions for financial reporting and collaboration, virtual data room and secure file sharing, and data analytics along with risk, compliance and transaction management expertise. For additional information on SPAC solutions, check out DFIN’s IPO solutions or join DFIN at the upcoming SPAC Conference 2019 on February 7 in New York City.
About Donnelley Financial Solutions (DFIN)
DFIN is a leading global risk and compliance solutions company. We provide domain expertise, enterprise software and data analytics for every stage of our clients’ business and investment lifecycles. Markets fluctuate, regulations evolve, technology advances, and through it all, DFIN delivers confidence with the right solutions in moments that matter. Learn about DFIN’s end-to-end risk and compliance solutions online at DFINsolutions.com or you can also follow us on Twitter @DFINSolutions or on LinkedIn.
This news release may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in Donnelley Financial Solutions’ (DFIN) filings with the SEC. Donnelley Financial Solutions (DFIN) disclaims any obligation to update or revise any forward-looking statements.