SPAC

A special purpose acquisition company, also known as a "blank check company" is a shell corporation listed on a stock exchange with the purpose of acquiring a private company, thus making it public without going through the traditional initial public offering process.

Source: en.wikipedia.org

Online Bookmaker Betway Parent Super Group Bets On $5.1 Billion SPAC Deal

Online Bookmaker Betway Parent Super Group Bets On $5.1 Billion SPAC Deal
Online Bookmaker Betway Parent Super Group Bets On $5.1 Billion SPAC Deal
April 25, 2021  |  IPO

Super Group, the parent of online betting company Betway, is preparing to go public in a deal that would value Super Group at roughly $5.1...

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PYMNTS SPAC Tracker: Market Cools; SEC On The Lookout For More Info
PYMNTS SPAC Tracker: Market Cools; SEC On The Lookout For More Info
April 23, 2021  |  IPO

The PYMNTS SPAC/IPO Tracker shows that though some observers have flagged the red-hot listing pace as ripe for a slowdown — CNBC reports that April...

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Ticket Reseller Vivid Seats Books Deal To Go Public Via SPAC
Ticket Reseller Vivid Seats Books Deal To Go Public Via SPAC
April 22, 2021  |  IPO

Chicago-based Vivid Seats is set to go public by combining with a special-purpose acquisition company (SPAC), Horizon. The companies estimated that the combined company will...

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Hedge Fund Marshall Wace Issues SPAC Warning
Hedge Fund Marshall Wace Issues SPAC Warning
April 20, 2021  |  Investments

Hedge fund giant Marshall Wace is warning investors that special purpose acquisition companies (SPACs) could end up delivering “awful returns,” Bloomberg reported. Marshall Wace Co-Founder...

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Pulitzer Prize-Winning Madoff Book Author Sees Connection To His Crimes And Current Wall Street Environment
Pulitzer Prize-Winning Madoff Book Author Sees Connection To His Crimes And Current Wall Street Environment
April 19, 2021  |  Cybersecurity

Bernie Madoff died last week (April 14) closing a chapter on one part of his historical fraud and massive manipulation of the financial system. As...

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Digital Banks And AI Firms Target IPOs  
Digital Banks And AI Firms Target IPOs  
April 16, 2021  |  IPO

One might be forgiven for thinking that the public listing activity this week was all about Coinbase. The cryptocurrency exchange went public through a direct...

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Today In Payments: Grab To Go Public At $40 Billion Valuation; Apple Eyes Products For Connected Home Market
Today In Payments: Grab To Go Public At $40 Billion Valuation; Apple Eyes Products For...
April 13, 2021  |  News

In today’s top news, Grab is merging with Altimeter to go public, and Apple is developing a new product for the connected home market. Plus,...

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Grab’s Super-Sized SPAC IPO Underscores The Rise Of The Super App
Grab’s Super-Sized SPAC IPO Underscores The Rise Of The Super App
April 13, 2021  |  IPO

Tens of billions of dollars is a lot of validation. Grab Holdings, billed as Southeast Asia’s biggest technology platform, announced on Tuesday (April 13) that...

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