Archive: PensionBee
Forget SPACs — There’s a Better IPO for Everyday Investors
By Andy Gordon on February 17, 2021
The wrong kind of IPO is getting all the attention these days. And the right kind is being virtually ignored. The much praised — but highly flawed — special-purpose acquisition company (SPAC) is the talk of the town right now. SPACs are shell companies that raise money in an IPO to merge with a privately held company that then becomes publicly traded. These are just some of the headlines I saw yesterday… SPAC…