A girl in the crowd on her friends shoulders watches on as Matrix & Futurebound perform onstage at Brixton Academy on April 17, 2014 in London, United Kingdom.This story is available exclusively to Insider subscribers.Recent lawsuits and investigations have chilled the once red-hot market for Special Purpose Acquisition Companies .The question is whether Wall Street's newfound discernment with SPACs will extend to the broader stock market. This is an opinion column.
SPACs — also known as"blank check companies" — are public shell companies where a bunch of rich investors come together, raise a bunch of money, and seek out a private company to buy with that money, thereby taking that private company public through the back door. The people doing all that legwork are sponsors — usually hedge fund managers — who charge investors far more in fees than traditional initial public offering underwriters.
lopezlinette Obviously, the author has never traded spacs.
lopezlinette this is terrible news
lopezlinette You need a lot of good Business designs like this Then you can contact me: