Going Public Circa 2020; Door #3: The SPAC
abovethecrowd.com
AUGUST 23, 2020
Historically they have been a kind of back-door way for a company to go public, and as a result have historically had a sub-standard reputation. The traditional IPO process does not use a market-based approach (like an order -matching system ) to efficiently match supply and demand and to discover price. Who benefits from underpricing?
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