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SPAC is a new hot spot on Wall Street



Essentially, “betting” is a promotion to investors by supporters of blank check companies (called special purpose acquisition companies) or SPACs.

Although this is usually not enough to convince experienced investors to use their funds, in the age of prosperous markets and almost free funding, it works like a charm. SPAC has been raising funds and trading at an unprecedented speed in 2020. This year, SPAC’s initial public offering (IPO) surpassed traditional IPOs. Some of the hottest new stocks are starting to…


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