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SPACs Are Bonds, Actually | Louis Camhi
Forward Guidance
How to Invest in SPACs
When most people think of SPACs, they do not think about what you do. So IPO is an additional public offering. I have a shoe company. I'm going to go take it public. Basically, a banker issues my shares. And then it starts trading. It's a lot more complicated than that. A SPAC is the actual bond ticker where there's a floor price,. After it changes its name, and it changes its ticker, then it's the same.
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