bullish
Three De-SPACs that Could Be Acquired Soon
SUMMARY
- When Chamath Palihapitiya announced that he was backing auto-insurance startup Metromile, he compared it with Buffet’s purchase of Geico.
- Metromile merged with INSU Acquisition Corp II in February 2021 in a deal that valued the insure tech firm at $1.3 billion
- This transaction has likely set a precedent for De-SPACs that may have gone public at lofty valuations, yet still have strong fundamentals at its core
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