2 ms·
"SPACs are a way for companies to list on the public markets without going through the onerous process of listing normally [...]. SPACs raise money from the pub
by ameliaibwne 5y ago
"SPACs are a way for companies to list on the public markets without going through the onerous process of listing normally [...]. SPACs raise money from the public markets to buy a private firm, in effect making that firm publicly traded."
https://sifted.eu/articles/healthtech-babylon-spac/ https://sifted.eu/articles/healthtech-babylon-spac/
SPACs "possibly a “softer” route to the public stock markets."
https://sifted.eu/articles/etoro-goes-spac-route/ https://sifted.eu/articles/etoro-goes-spac-route/
- rexreed 5y agoYes that's the definition, but the way it's being used seems to be abused: https://www.mergersandinquisitions.com/great-spac-scam/ https://www.mergersandinquisitions.com/great-spac-scam/