Sources tell the FT that Goldman Sachs is pausing work on new Spacs.

知情人士告诉《金融时报》，高盛正在暂停新的Spacs工作。

At over $4bn, it was one of the most complex SPAC deals so far.

这笔交易规模超过40亿美元，是迄今为止最复杂的SPAC交易之一。

The boom in SPACs, which go public and then find a startup with which to merge, has imploded.

特殊目的并购公司的繁荣破灭，这类公司会先上市，然后找一家初创公司进行合并。

Why did you do a SPAC, and why now?

你为什么要做 SPAC，为什么是现在？

Mr Arnault's investment company is launching its spac with other investors to look for deals in financial services.

阿尔诺的投资公司将与其他投资者一起推出特殊目的收购公司，寻找金融服务领域的交易。

First of all, the SPAC decision is about time to market.

首先，SPAC的决定是关于上市时间。

Special-purpose acquisition vehicles (spacs) were raising billions of dollars a week.

特殊用途收购工具 (spacs) 每周筹集数十亿美元。

The deal values the company at almost $40bn, making it the biggest SPAC listing to date.

这笔交易对该公司的估值接近400亿美元，使其成为迄今最大的SPAC上市交易案。

We’re getting a lot of questions about SPACs this week.

本周我们收到了很多关于 SPAC 的问题。

Helpfully, Mr Ackman has more time to make the deal—ten years, compared with two years for SPACs.

有利的是，阿克曼先生有更多的时间来完成交易——十年，而 SPAC 则为两年。

If a PE firm is looking to offload one of its portfolio companies, then finding a SPAC to buy it is an attractive prospect.

如果一家私人股本公司希望将其投资组合中的某家公司的资产剥离，那么找到SPAC来收购是一个很有吸引力的前景。

Big banks make meaty fees from their IPO businesses. For some, the fact that SPACS have muscled in is an unwelcome development.

大银行从IPO业务中赚取丰厚的佣金。对一些人来说，SPACS强行介入是一种不受欢迎的发展。

The spectacle of the SPAC, or " special-purpose acquisition company" , has preoccupied bankers on Wall Street over the past year.

SPAC(或“特殊目的收购公司”)的壮观景象在过去一年里让华尔街的银行家们忧心忡忡。

SPACs this year have raised triple the  amount that they did in all of 2019.

SPAC 今年筹集的资金是 2019 年全年的三倍。

With companies slashing dividends and interest rates at rock bottom levels, investors are flocking to SPACs.

随着公司将股息和利率降至最低水平，投资者纷纷涌向 SPAC。

So what exactly are SPACs, and why are they so popular?

那么 SPAC 到底是什么，为什么它们如此受欢迎？

SPACs got a bad name because of a poor stockmarket record (see chart) and a few spectacular implosions.

SPAC 由于糟糕的股市记录（见图表）和几次引人注目的内爆而名声不佳。

They were helped by frenzied market activity, such as the surge in special purpose acquisition companies (SPACs) and retail investing.

他们得益于狂热的市场活动，如特殊目的收购公司(spacs)和零售投资的激增。

Notable SPACs include Palihapitiya’s  Social Capital Hedosophia Holdings, which acquired a 49% stake in British  spaceflight company Virgin Galactic in 2019.

著名的 SPAC 包括 Palihapitiya 的 Social Capital Hedosophia Holdings，该公司于 2019 年收购了英国航天公司维珍银河 49% 的股份。

SPACs have existed in one form or another as early as the 1990s, typically as a last resort for smaller companies to go public.

SPAC早在1990年代就以这样或那样的形式存在，通常是小公司上市的最后手段。