By Investment U Research Team Traditionally, when a company wants to list on a stock exchange, they go through the IPO process. Over the last five years, however, many new companies have taken alternative routes to market. While direct listings have been popular, some of the biggest debuts of new companies have come in the form of SPACs. What is an SPAC? It’s a concept that’s becoming more and more prevalent, and one that new investors need to get familiar with.
SPAC stands for Special-Purpose Acquisition Company—although that moniker can be a bit deceiving. There’s no “company” involved, and the “special purpose” of the …read more
