Plumber RoadAlthough listing on the public markets was extremely popular in 2020 and 2021 it has been taken up by many companies. It wasn’t all rightAfter it was made available to the public. So why is the consumer car rental market Getaround The listing was decided by way of merging with a blank check company?
We need to look at the bigger picture in order to answer this question.
It was the 2020-2021 SPAC Boom, as we now see. Unable to physically shrinkA growing number of unicorns. In 2022, unicorns will continue to grow faster than mergers or acquisitions. Public offerings can make their illiquid shares liquid capital. It’s becoming a tough time for pricier startups: The traditional gateway to the public markets—the venerable IPO—remains closed, potential acquirers are looking to cut costs rather than venturing on their balance sheet and SPAC has proven to be doing poorly.
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Everybody. SPAC Insider dataRecently, the value of companies that merged or merged with blank check businesses saw a sharp drop in their value. SPACs with primary equity of $300 million to $2Billion are down 71% since 2009, to choose a data point. The performance of larger trades performed slightly better than smaller blank check groups.
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