Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
Despite the persistent turbulence in the initial public offering (“IPO”) markets, investors’ risk appetite has been building. The reemergence of special purpose acquisition companies (“SPAC”) has been a sign of this exuberance. Despite their history of disappointing investment performance, SPAC investors may be rewarded this time.
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