4 ms·

How do you buy shares in the SPAC? Is there a minimum amount? Which platform can I use to buy shares in the SPAC?

neural_thing 5y ago
SPACs are publicly traded. The announcement that Soaring Eagle was taking Ginkgo public was made in May. https://www.prnewswire.com/news-releases/ginkgo-bioworks-to-become-a-public-company-and-expand-its-leading-platform-for-cell-programming-301288325.html https://www.prnewswire.com/news-releases/ginkgo-bioworks-to-... No special access is needed to trade SPACs, just need to follow the news. That being said, I think that most SPACs are pretty bad deals.
- exhilaration 5y ago
  Have any other YC companies announced SPACs like this? :)
deleted 5y ago
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mbesto 5y ago
Disclaimer - Not financial advice SPAC's are incredibly risky. When they IPO they basically are shell companies with no operating revenue. So their valuations are essentially fake (some get better market caps because the people who create them have "track records"). Once a startup converts into them their valuation becomes much more interesting. It's a huge gamble. A SPAC that hasn't converted yet is essentially a guessing game. If the SPAC is valued at $500M pre conversion and the market doesn't think the company is worth $500M then you can lose a lot. The opposite is also true. Note - its much more complex than this, but this is the general idea.
- g10r 5y ago
  yep! have def had one drop after conversion.
- formvoltron 5y ago
  And I think it's pretty random which ones have lock-ups and which ones do not. Generally speaking their lockups are more liberal than traditional IPOs, correct? So it may depend on how disciplined the company's large shareholders are.
deeel 5y ago
Ive been following this method. A little outdated but still works: https://thunderclapresearch.com/a-risk-free-way-to-make-money-with-spacs/ https://thunderclapresearch.com/a-risk-free-way-to-make-mone...

SPACs are publicly traded. The announcement that Soaring Eagle was taking Ginkgo public was made in May. https://www.prnewswire.com/news-releases/ginkgo-bioworks-to-become-a-public-company-and-expand-its-leading-platform-for-cell-programming-301288325.html https://www.prnewswire.com/news-releases/ginkgo-bioworks-to-... No special access is needed to trade SPACs, just need to follow the news. That being said, I think that most SPACs are pretty bad deals.

exhilaration 5y ago
Have any other YC companies announced SPACs like this? :)

deleted 5y ago

[deleted]

mbesto 5y ago

Disclaimer - Not financial advice SPAC's are incredibly risky. When they IPO they basically are shell companies with no operating revenue. So their valuations are essentially fake (some get better market caps because the people who create them have "track records"). Once a startup converts into them their valuation becomes much more interesting. It's a huge gamble. A SPAC that hasn't converted yet is essentially a guessing game. If the SPAC is valued at $500M pre conversion and the market doesn't think the company is worth $500M then you can lose a lot. The opposite is also true. Note - its much more complex than this, but this is the general idea.

g10r 5y ago
yep! have def had one drop after conversion.
formvoltron 5y ago
And I think it's pretty random which ones have lock-ups and which ones do not. Generally speaking their lockups are more liberal than traditional IPOs, correct? So it may depend on how disciplined the company's large shareholders are.

deeel 5y ago

Ive been following this method. A little outdated but still works: https://thunderclapresearch.com/a-risk-free-way-to-make-money-with-spacs/ https://thunderclapresearch.com/a-risk-free-way-to-make-mone...