By Amber Deter What is a SPAC IPO? As some of the most anticipated IPOs choose to go public via SPAC, it’s a question people are asking more and more. So, let’s look at what a SPAC is and why companies choose to go this route.
What is a SPAC IPO?
SPAC stands for special purpose acquisition company. These are also known as blank-check companies. They’re companies with no business operations. Instead, they raise funds in initial public offerings (IPO). The SPACs then use that money to acquire a private company.
Although the SPAC is already public, the process of the merger is still considered a …read more
