SPACs - are created with a sole purpose to raise money through an IPO for the purpose of acquiring an existing company. In a layman’s term, companies choose to go public via SPAC to avoid regulatory scrutiny. If you are not concerned in SPACS, you should. Case in point, Nikola
Unicorn Alert: The unicorn IPO parade is set to begin in the week ahead, with DoorDash (DASH) and Airbnb (ABNB) leading the way. A total of nine IPOs and two SPACs are scheduled to raise $7.8 billion.
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