VinFast’s 400% Surge Is an Anomaly for Beaten-Down SPAC Industry

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 50%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

VinFast Auto Ltd.’s 400% surge after going public in a SPAC merger earlier this month is the lone bright spot for blank-check deals completed in August.

Beyond the Vietnamese electric-vehicle maker, investors who have held on to shares of newly public companies from tie ups with special purpose acquisition companies have mostly endured nothing but losses.

SPACs enable investors to redeem their shares for $10 plus interest when they vote on deals to be completed, something that has left dozens of stocks trading with just a tiny pool of shares available. Investors redeemed 91% of the shares in de-SPACs that debuted this month on average, the SPAC Research data show. The result has been some wild swings ending in sharp losses.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 83. in İT

Italia Ultime Notizie, Italia Notizie