SPAC Deep Dive, subSPAC

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SPAC Deep Dive

Each week we’ll identify and break down for you SPACs that are capturing market share and making an impact.

Thematic (Sector/Industry)

<ul><li>Venture Capital Funding and Deployment has continued to soar, despite declining investor sentiment and market conditions.</li><li>VCs had a record-breaking year in 2021 and are set to do even better in 2022, creating a dozen or more Unicorns (billion-dollar startups) each month.</li><li>As investor appetite for private market companies continues to grow, companies like private market exchange Forge Global, which recently went public through a SPAC, will likely benefit from the boom.</li></ul>

Venture Capital Funding and Deployment has continued to soar, despite declining investor sentiment and market conditions.VCs had a record-breaking year in 2021 and are set to do even better in 2022, creating a dozen or more Unicorns (billion-dollar startups) each month.As investor appetite for private market companies continues to grow, companies like private market exchange Forge Global, which recently went public through a SPAC, will likely benefit from the boom.

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Algosun Global

Equity Bottom-Up

<ul>
<li>Fintech unicorn could report strong earnings results for FY Q3 2022. Total revenue increased by 54% year-over-year, and net loss narrowed to ~$55M for the reporting period.</li>
<li>
<a href="https://www.smartkarma.com/entities/affirm-holdings" target="_blank" data-smartkarma-citation="entities:31038:1" rel="noopener">Affirm Holdings (AFRM US)</a>  closed a $500M revolving ABS deal and added $2.5B in new funding capacity from various partners. Total funding capacity was ~$9B, marking a 55% YoY increase.  </li>
<li>Sovereign wealth fund GIC Singapore acquired ~$126 million worth of <a href="https://www.smartkarma.com/entities/affirm-holdings" target="_blank" data-smartkarma-citation="entities:31038:1" rel="noopener">Affirm Holdings (AFRM US)</a>  shares in April at an average of <strong>$33.00</strong> per share.</li>
</ul>


Fintech unicorn could report strong earnings results for FY Q3 2022. Total revenue increased by 54% year-over-year, and net loss narrowed to ~$55M for the reporting period.

Affirm Holdings (AFRM US)  closed a $500M revolving ABS deal and added $2.5B in new funding capacity from various partners. Total funding capacity was ~$9B, marking a 55% YoY increase.  
Sovereign wealth fund GIC Singapore acquired ~$126 million worth of Affirm Holdings (AFRM US)  shares in April at an average of $33.00 per share.


Affirm Raises Outlook For FY 2022: No Changes In Bullish Narrative

United States

Stripe, Inc. provides payment software services and solutions. The Company designs and produces software to process online credit and debit card payments. Stripe serves customers worldwide.

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Stripe (0170016D US)

Forging a Path Ahead

VCs had a record-breaking year in 2021 and are set to do even better in 2022, creating a dozen or more Unicorns (billion-dollar startups) each month.

subSPAC

Affirm Raises Outlook For FY 2022: No Changes In Bullish Narrative

We are moving our price target to $70.00 from $76.00, which we believe is fair and conservative. We model total revenue rising to ~$1.98B in FY’23,...

Andrei Zakharov

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