bullish

Smooth Sailing

257 Views21 Feb 2023 09:52
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SUMMARY
  • SPAC critics often argue the businesses that go public through the vehicle create no long-term value but instead act as a means to create exit liquidity for founders and existing investors at the expense of unsuspecting retail investors.
  • This is at least partly true for the handful of companies that have gone bankrupt under a year after going public.
  • However, long before SPACs gained the reputation of being an instrument to raise money for zero-revenue companies with no prospective future, they were considered a viable alternative to an IPO.
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  • Smooth Sailing
    21 Feb 2023
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