How SPACs are changing the IPO game: Equity ownership of founders a big consideration
How SPACs are changing the IPO game: Equity ownership of founders a big consideration March 2, 2021 at 11:42 am SPACs are hot right now, and one of the reasons is they can keep more equity in the hands of founders. (GeekWire Illustration / Canva Image, adrian825) A few weeks ago, a longtime GeekWire reader sent a note expressing shock that Sana Biotechnology co-founder and CEO Steve Harr only owned 4.9% of the company after the completion of the IPO. Given that the Seattle biotechnology company...
Source: geekwire.com