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your interpretation of SPACs seem very cynic In the end it's just a "shortcut" for a private company to go public by acquiring an already listed company Retai
by PaywallBuster 4y ago
your interpretation of SPACs seem very cynic
In the end it's just a "shortcut" for a private company to go public by acquiring an already listed company
Retail investors tend to loose, but just the same as they would with a proper IPO or any crypto ICO
- bfeynman 4y agoYour interpretation of SPACs is very lacking. The shortcut they provide is often to circumvent normal due diligence that would show probably fundamental problems with companies operations. Sure normal companies may go down after IPO - but that's after banks perform their own investigation, and most importantly line up large institutional buyers that will lock up the float and tend to keep price more stable.
- moneywoes 4y agoExactly. How many spacs are positive roi since being released
- owlninja 4y agoDraftKings maybe?
- throwaway4736 4y agoDraftKings is down bad. They’re getting their lunch stolen, marinated, barbecued, and eaten by FanDuel.
- deleted 4y ago[deleted]