SPACs, explained
Perhaps you’ve heard of SPACS, or special-purpose acquisition companies, as an alternative to IPOs. They are, in some respects, easier than IPOs — but there are pitfalls for investors, too. Here’s what you need to know.
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Perhaps you’ve heard of SPACS, or special-purpose acquisition companies, as an alternative to IPOs. They are, in some respects, easier than IPOs — but there are pitfalls for investors, too. Here’s what you need to know.
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