When going public is a company’s ultimate goal, the method of doing so isn’t the most important factor. Consider Clover Health Investments, which provides Medicare Advantage health plans to 57,000 members.
DiamondPeak Stock Drops on Workhorse News. It’s a Strange Reaction.
Stock in special purpose acquisition company DiamondPeak pulled back from a steeper decline to trade down more than 5% Tuesday afternoon. It apparently is a reaction to an issue involving Workhorse, but that’s wrong-headed. Trading in the stocks should be the other way around.
SPACS, Robos, and Private Equity
Letters on special purpose acquisition companies, robo-advisors, private equity in 401(k)s, waiting for another correction, Big Tech and the congressional antitrust hearings, and the SEC’s…