I’ve been looking at this idea of SPACs and personally quite like them. SPACs are ways for emerging Companies to generate finance, giving us the ability to get in on those 10X opportunities.
I’m specifically liking the ETF SPAC approach… A diversified opportunity which includes emerging companies with expected future explosive growth.
According to the FT, $48bn has been raised by US SPACs. That’s up 3X from 2019. Now, there’s talk of the UK following suit.
What do you all think about them? Let me know in the comments!!
Here are a few articles of interest:
FT, - https://www.ft.com/content/af75ce79-2bcd-46c4-92f4-8886513e539c
TechCrunch, - https://techcrunch.com/2020/08/21/almost-everything-you-need-to-know-about-spacs/
Forbes, - https://www.forbes.com/sites/simonmoore/2020/10/05/why-spacs-are-exploding-a-ceos-take/#3be1aaf83f87
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