LEILA FADEL, HOST:
(SOUNDBITE OF MONTAGE)
UNIDENTIFIED REPORTER #2: SPAC frenzy.
UNIDENTIFIED REPORTER #3: SPAC in action.
UNIDENTIFIED REPORTER #4: SPAC is the new black.
FADEL: Former House Speaker Paul Ryan s got a SPAC. Shaquille O Neal s got a SPAC. And the youngest self-made billionaire ever just brought in all that cash through a SPAC. But what the heck is a SPAC? We ll let NPR s Camila Domonoske explain.
CAMILA DOMONOSKE, BYLINE: In an IPO, or initial public offering, you start with a company that wants to go public, and then investors toss a bunch of money at it. A SPAC, or special purpose acquisition company, kind of flips that around. Investors pool their money together first with no idea what company they re investing in. Then that pile of money goes out and looks for a company to merge with. The company gets the money and the stock ticker with a lot less paperwork. Until recently, this was not a well-regarded way to go public.
Moneycontrol Pro Weekender | ‘Tis the season to be jolly
The growth bounceback expected in the last quarter of this year may be stronger than postulated under baseline assumptions, says an RBI report December 26, 2020 / 12:57 PM IST
People wearing protective face masks wait for passengers to arrive at Chhatrapati Shivaji Maharaj International Airport after India cancelled all flights from the UK over fears of a new strain of the coronavirus disease (COVID-19), in Mumbai. (Image: Reuters)
Dear Reader,
In keeping with the sentiments of the season, the Reserve Bank of India’s assessment of the state of the economy this month is relentlessly ebullient. It waxes lyrical in unguarded moments sample, for instance, this description of the Indian economy ‘breaking out amidst winter’s lengthening shadows towards a place in the sunlight’ or the discovery that ‘important forces are conspiring to bless this turning of the page on the virus’.
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Exchange drives innovation to meet unique issuer needs during pandemic, emerging the year’s winner with increased interest in SPACs and Direct Listings
Executes biggest U.S. IPO for 8
th straight year, 6 of the 7 largest tech IPOs of 2020
The New York Stock Exchange, a wholly-owned subsidiary of Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, ranked once again as the leader in global IPO proceeds for 2020, raising a total of $81.8 billion during its busiest year on record for IPOs. The NYSE executed the biggest IPO for the 8
The Big Reset seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
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2021 model offers both battery-electric and fuel cell electric variants with up to 250 miles range and up to 105 kWh of battery capacity
Available in passenger van, cargo van, school bus, ambulance and RV configurations
First shipments expected in the second quarter of 2021
Business combination with GigCapital3, Inc. remains on track
Lightning eMotors ( Lightning eMotors or the Company ), a leading provider of commercial electric vehicles for fleets, today announced the debut of a new model of its popular Class 3 Lightning Electric Transit Van.
In 2021, Colorado s Lightning eMotors is introducing a new Generation 4 model of its popular Lightning Electric Transit Van. The Class 3 van supports wheelchair lifts, custom floor rails, and custom bus doors. (Photo: Business Wire)