Analysis-U.S. companies snub SPACs amid concerns they cannot deliver Reuters 1 hour ago By Echo Wang and Anirban Sen Popular Searches (Reuters) - Advertising technology firm Simplifi Holdings was ready to go public last month at a valuation of close to $2 billion when some investors balked. The Fort Worth, Texas-based company was seeking to raise around $300 million in financing for its merger with D and Z Media Acquisition Corp, a special purpose acquisition company (SPAC) led by media entrepreneur Betty Liu. Despite assurances from bankers at Goldman Sachs Group Inc that they could raise the private investment in public equity (PIPE) required, many big mutual funds and hedge funds passed on the deal because of concerns it was overvalued, according to people familiar with the situation.