bearish
This $50 Billion SPAC Deal Has Several Red Flags
SUMMARY
- The SPAC market has been down and out in 2022, with few high-quality deals.
- However, things appear to be changing, with rumours surfacing that three SPACs are fighting to take the words largest EdTech startup public.
- If the company makes a debut at a $50 billion valuation, there will be very little room for error, leaving room for far more downside than upside.
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