What a SPAC is and why companies prefer it over IPOs

In this episode, we go over what a Special Purpose Acquisition Company is, how they manage to take private companies public without going through the IPO process, why it is gaining so much popularity recently and some of the flaws that this investment vehicle has. In 2020, SPACs have raised over $82 billion in capital, more money than the past 10 years combined. A total of 248 SPACs went public last year. Popular SPACs that you may have heard of recently include Draft Kings, Virgin Galactic and the Tesla challenger Nikola. Even celebrities like Jay-Z and Shaquille O'Neal are planning to launch a SPAC. These investment vehicles have already raised more than $38 billion in 2021, with an average of $296 million for 128 SPAC IPOs, according to SPACInsider. All of this and more in today's episode. 

Om Podcasten

A podcast made for anyone on the quest for financial freedom, going for the long game. Here we talk about investing, personal finance and business. Investing and financial education is something that was simply not taught to many of us; how to invest, how assets work, how to pay our taxes, how to lever debt, etc. Here in the Audio Investing Podcast we feel the need to explain this to anyone with an interest in trying to improve their financial situation. We will also discuss investment opportunities and a variety of topics going on in the business world.