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SPACs take companies public. Once a SPAC merges with a private company like SoFi or Virgin Galactic, the combined entity's shares can be traded on the NYSE or N
by runako 5y ago
SPACs take companies public. Once a SPAC merges with a private company like SoFi or Virgin Galactic, the combined entity's shares can be traded on the NYSE or Nasdaq like any other stock.
With platforms like Wefunder and Republic, there is no mechanism to take a company public.
- failwhaleshark 5y agoOoooh. So it's after angels, VC, REITs, pension funds, sovereign wealth funds pass to get to "IPO" crowdfunding-style. The platforms mentioned are like crowd angels.
- vmception 5y agoNo, its mutually exclusive. A SPAC can transform any private company into a public company. They take VC backed companies public, they take newly formed pre-revenue companies public, they take previously public companies public, they merge with public companies, it does not matter. Its just a reverse merger with a specific structure and formula.
- deleted 5y ago[deleted]