1 Comment

Some considerations come to mind.

Do SPACs really democratize access to companies or provide an illusion that they do? Do PIPEs provide more favourable % ownership terms? Accordingly, does the retail continue to be exploited just like in an IPO scenario?

And do you think in the long-run, average SPAC returns will compensate investors for the large risk investors are having to bear with this seemingly earlier-stage/loss-making companies?

Or am I overly generalizing?

Expand full comment