Going Public Circa 2020; Door #3: The SPAC
abovethecrowd.com
AUGUST 23, 2020
The next morning, the exchange (either the NYSE or NASDAQ) finally does a market-based matching process where we find out the real price of the shares (ironically this is the exact process used in a Direct Listing, also ironically the only people allowed to sell are the ones given the shares the night before).
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