4 ms·
Literally in the first line of the article > More than one in four of the nearly 600 companies that went public via a traditional IPO
by sh1mmer 4y ago
Literally in the first line of the article
> More than one in four of the nearly 600 companies that went public via a traditional IPO
- pclmulqdq 4y agoThe companies that IPOed are the SPACS. The companies they acquired are the ones that are dragging them under. Edit: To clarify, the company that IPOs is a company like "CFII" (CF Finance Acquisition Corp. II). These companies are called SPACs, but they go through an IPO process themselves. The IPO is pretty fast because everyone knows what the shares are worth, but it is an IPO nonetheless. Most of the SPACs IPOed in 2020-2021. If they buy a company and then fail, that would probably be counted as a failure of a company that IPOed in 2020.
- chrisgd 4y agoBut you would still say that a company went public vis SPAC IPO.
- kasey_junk 4y ago“Many companies that went public in the surge of mergers involving SPACs, or special-purpose acquisition companies, also are faring poorly.” Just read the article…
- chrisgd 4y agoLiterally, in the next line of the article > Many companies that went public in the surge of mergers involving SPACs, or special-purpose acquisition companies, also are faring poorly.