At their peak, SPACs accounted for 70% of all IPOs, with $95 billion raised. But now, the market has dried up and shares of companies that did SPAC deals have crashed. WSJ explains the decline of the IPO vehicle.
Illustration: Ali Larkin
$PLTR estimates
“This highlights an extreme risk for this method of customer acquisition as the capital losses to date dwarf the revenue generated… the timing risk for capital loss is also heightened by making the investments at the top of the VC/IPO cycle.” $PLTR
Same company the bribed military and Congressmen to win some of their early work.. Shocker.
Clown company
TaylorMadeBeau get him the fuck outta there
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Database provider MariaDB plunges nearly 40% in NYSE debut after SPAC merger - San Francisco Business TimesShares of the cloud database software provider finished its first day of trading on Monday about 40% below where the shares of its merger partner closed on Friday.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
China bets on private sector to boost Covid-hit economy | CNN BusinessBeijing has vowed to go all out next year to save its Covid-hit economy by boosting consumption and loosening control over private industry, including the struggling tech and property sectors. The new pledge marks a big shift from leader Xi Jinping's years-long effort to rein in private businesses, which were perceived as too powerful and 'disorderly.' Meeting soon with the Australian minister Penny Wong, the first for 3 years, it will be interesting to see if the sanctions imposed (*following negative commentary from the previous Aus govt) may be lifted to stimulate trade.
Source: cnni - 🏆 326. / 59 Read more »