Trump's new social media SPAC is soaring. Also, what is a SPAC?

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SPACs are essentially shell companies that allow groups of investors to raise money, list on a stock exchange, and then quickly take a private company public in a way that bypasses the rigorous process of a traditional IPO.

from Google Alert - Business https://ift.tt/3nCwHVh
SPACs are essentially shell companies that allow groups of investors to raise money, list on a stock exchange, and then quickly take a private company public in a way that bypasses the rigorous process of a traditional IPO. https://ift.tt/eA8V8J

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