AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
SPACs Are Bonds, Actually | Louis Camhi
Forward Guidance
The Market's Demand for Paper
Aries raised $500 million in an IPO. In that IPO, you were buying units and each unit represented one share of stock and one half of one warrant. So when you own a unit, you own part of the SPAC and then part of a warrant for the new thing or no. The deal priced a little tighter than I would have expected. But again, I just think that shows you the market's demand for paper. Tighter meaning richer, higher value.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode