SPAC mania has come to a screeching halt. Just last month, special purpose acquisition companies celebrated a head-turning milestone by breaking their 2020 issuance record in just three-month’s time.
Why Clover Health Chose a SPAC, Not an IPO, to Go Public
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.
Why These 3 SPAC IPOs Are Surging Today
Special purpose acquisition companies are promising 100% and 200% profits in mere days. Who wouldn’t want a piece of that action?
Clover Health to go public via $3.7 billion deal with Social Capital
U.S. insurance startup Clover Health will go public through a merger with blank-check firm Social Capital Hedosophia Holdings Corp III IPOC.N in a deal valued at $3.7 billion including debt, the company said on Tuesday.