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WSJ News Exclusive | Waste and Recycling Platform Rubicon Going Public in $2 Billion SPAC Merger

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Waste and recycling platform Rubicon Technologies is merging with a blank-check company to go public at a valuation of roughly $2 billion

Investors in software company include actor Leonardo DiCaprio, KKR co-founder Henry Kravis and billionaire investor Paul Tudor Jones

Private companies are flooding to special-purpose acquisition companies, or SPACs, to bypass the traditional IPO process and gain a public listing. WSJ explains why some say investing in these so-called blank-check companies isn’t worth the risk. Illustration: Zoë Soriano/WSJ

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