A Special Purpose Acquisition Company (SPAC) is a type of publicly traded investment vehicle that is created specifically to acquire or merge with another company. SPACs are also sometimes called “blank check companies” because they are set up with the sole purpose of raising capital through an initial public offering (IPO) to later identify and merge with an existing private company.
SoFi Jumps 12% in Nasdaq Debut After Palihapitiya SPAC Merger
SoFi Technologies Inc., the student-loan operator and stocks-trading platform, jumped 12% in its Nasdaq debut after merging with investor Chamath Palihapitiya’s blank-check company earlier this year.
IPOE Stock: The SoFi SPAC Merger News Boosting Palihapitiya’s Social Capital Today
Chamath Palihapitiya’s Social Capital Hedosophia Holdings V (NYSE:IPOE) has been a hot stock of late. Like other celebrity SPAC IPOs, investors have piled into IPOE stock in anticipation of what could turn out to be high-quality merger targets.
Social Capital Hedosophia Stock Has Long-Term Value On Its Side
Despite the pullback in growth stocks and special purpose acquisition company (SPAC) holdings, that shouldn’t kill the enthusiasm for Social Capital Hedosophia Holdings (NYSE:IPOE). IPOE stock is the holding company that should eventually turn into SoFi.
Here’s Which VC-Backed Companies Are Going Public Via SPAC This Year (So Far)
Going public through a special purpose acquisition company is officially mainstream. Special purpose acquisition companies, once looked down upon by Wall Street-types as a less respectable way to go public, have been forming and going public at an unprecedented pace this year.
Short Sellers Boost Bets Against SPACs
SPAC boom skeptics are betting against deals including Social Finance, Lucid and Lordstown Motors. Short sellers are coming for SPACs.
‘SPACs Attack’ Weekly Recap: Looking Back On 5 Deals, Rumors And Headline News
It was another busy week for the SPAC market with numerous deal announcements and rumored deals. Benzinga’s “SPACs Attack” covered the deals and news of the week.
SoFi and Social Capital Hedosophia V Investor Presentation
The Investor Presentation for the SoFi and Social Capital Hedosophia V merger is now available.
SoFi, A Leading Next-Generation Financial Services Platform, to Become Publicly-traded via Merger with Social Capital Hedosophia
Social Finance, Inc. (“the Company” or “SoFi”), a leading next-generation financial services platform, has entered into a definitive agreement with Social Capital Hedosophia Holdings Corp. V (“SCH”) (NYSE: IPOE), a publicly traded special purpose acquisition company, to bring a major consumer-focused financial technology business to the public markets.
Exclusive: Online lender SoFi explores deal to go public – sources
Online lending startup Social Finance Inc (SoFi) has held discussions with blank-check acquisition companies about a deal that would allow it to debut in the stock market, people familiar with the matter said on Monday.
SPACs Sparkled In 2020, But What Lies Ahead For Them?
t might be hard in the midst of roaring markets and headlines trumpeting Dow 30,000 to remember that one of 2020’s highest high-flyers has been the special purpose acquisition corporation, or SPAC.