bullish
Smooth Sailing
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.
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
- Unlock all research summaries
- Follow top, independent analysts
- Receive personalised alerts and emails
- Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
x