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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 was on the cusp of a blockbuster stock market debut and now is valued at more than $6 billion, I responded that 4.9% of $6 billion seemed pretty good to me. After all, having a small slice of a big pie is often financially better than a big piece of a small pie. ....

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Zillow Co-Founder Spencer Rascoff Fundraises for Third SPAC


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