
Could the biggest SPAC deal on record reignite the Wall Street fad?
CNN
SPACs started out the year with a bang that soon became a fizzle. But don't count the Wall Street fad out just yet.
What's happening: Grab is set to start trading Thursday on the Nasdaq after raising $4.5 billion, giving the Singaporean startup a market value of nearly $40 billion.

More than two decades ago, on January 24, 2004, I landed in Baghdad as a legal adviser, assigned an office in what was then known as the Green Zone. It was raining and cold, and my duffle bag was thrown into a puddle off the C-130 aircraft that had just done a corkscrew dive to reach the runway without risk of ground fire. Young American soldiers greeted me as we piled into a vehicle, sped out of the airport complex and then along a road called the “Highway of Death” due to car bombs and snipers.












