Why Chamath Palihapitiya is welcoming the SPAC market correction
SPACs, or special purpose acquisition companies, have boomed on Wall Street in recent years, raising more than $83 billion in 2020 and over $125 billion this year. However, the deals’ popularity has begun to wane as many trade below their initial IPO price.
Social Capital’s Chamath Palihapitiya, who has taken several companies public through SPACs, has welcomed the market correction and still sees positive things ahead.
Shanda Consult has been working with SPACs for many years, and our network of SPAC executives has deep experience in the sector. If you need to learn more about how to successfully use a SPAC structure and perhaps wish to set up your own SPAC, we are here to help.
Please contact us with any questions you may have.
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