Author Bio
Keith began writing for the Fool in 2012 and focuses primarily on healthcare investing topics. His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries.
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In the past, most companies that wanted to go public conducted initial public offerings (IPOs). Recently, though, the use of special purpose acquisition companies (SPACs) to take companies public has become popular. One of the leaders of this trend is Chamath Palihapitiya, venture capitalist and CEO of Social Capital. In this
Motley Fool Live video recorded on Nov. 16, 2020, Tom Gardner, co-founder and CEO of The Motley Fool, and Bill Mann, director of small cap research, talk with Palihapitiya about the advantages that SPACs offer over direct IPOs.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Clover Health and Social Capital Hedosophia Holdings Corp. III Announce Closing of Business Combination
January 7, 2021 GMT
NASHVILLE, Tenn. & PALO ALTO, Calif. (BUSINESS WIRE) Jan 7, 2021
Clover Health Investments, Corp. (“Clover”), an innovative technology company improving health outcomes for America’s seniors, and Social Capital Hedosophia Holdings Corp. III (NYSE: IPOC) (“SCH”), a publicly traded special purpose acquisition company, today completed their previously announced business combination to form one of the nation’s fastest growing publicly-traded Medicare Advantage insurers. The newly formed company is named Clover Health Investments, Corp. (“Clover Health” or the “Company”) and its shares of Class A common stock and warrants will start trading on The Nasdaq Global Select Market (“Nasdaq”) under the new ticker symbols “CLOV” and “CLOVW,” resp