Blank check IPOs are the latest craze to hit the stock market, with virgin galactic, DraftKings and Nikola among the well-known special purpose acquisition companies out there. But what exactly are SPACs? IBD's Matt Krantz breaks down everything you need to know before you buy one of these unique investments.
Source: investors Business Daily – Virgin Galactic, DraftKings, Nikola – What's Next? Everything You Need To Know About Buying SPACs