> Are they any riskier than IPOs (which can and do trade lower than first-day valuation)? I don't think so There are significant regulatory and disclosure diff

> Are they any riskier than IPOs (which can and do trade lower than first-day valuation)? I don't think so There are significant regulatory and disclosure differences that make it easier to be shady with a SPAC. If WeWork had gone with a SPAC there’s probably a lot of stuff they wouldn’t have needed to share If the aim is to open trading directly to retail, a direct listing (like Coinbase) is all you need.