It seems like in Silicon Valley is starting a SPAC. Reid Hoffman, Peter Thiel, Kevin Hartz, Chamath Palihapitiya, maybe even your roommate.
Reporters Cory Weinberg and Ross Matican trace the origins of the SPAC surge. We explain why these special-purpose acquisition companies have become so popular, some of the regulatory history, and what some of the downsides are.
In this episode, we talked to:
- George Arison, co-CEO of Shift Technologies
- Milos Vulanovic, associate of corporate finance at EDHEC Business School
- Thomas Hennessy, co-CEO and president of PropTech Acquisition Corporation
- Jay Heller, head of capital markets & IPO expansion at Nasdaq
Further reading:
- The Information's SPAC Target List
- What Private Tech Firms Should Watch Out For in SPACs
- Opendoor, in Announcing SPAC, Opens Up About Losses
- ChargePoint to Go Public in $2.4 Billion SPAC Deal