On Going Public: SPACs, Direct Listings, Public Offerings, and Access to Private Markets
Ben's Blog
MAY 24, 2021
These costs are much higher than those for IPOs, even accounting for IPO Pops; SPAC shares tend to drop by one third of their value or more within a year following a merger, leaving investors who hold shares post de-SPAC most vulnerable to price declines; and SPAC investors typically differ from de-SPAC investors. 1990-1998 13.3%
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