Special Purpose Acquisition Companies (SPAC)
A Special Purpose Acquisition Company (SPAC), also known as "blank check company," is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of buying an existing company.
Special Purpose Acquisition Company (SPAC) News
NEW YORK (AP) — Chinese companies hoping to sell their shares in the United States must start making more disclosures about their potential risks before U.S. regulators will allow them to list their...
NEW YORK (AP) — Wall Street gave Robinhood a cool reception Thursday in the online broker's debut in the stock market that it helped reshape by bringing millions of new investors.
NEW YORK (AP) — Robinhood, which brought millions to Wall Street with commission-free trades, begins trading, dips from IPO price.
Low interest rates and hefty returns have driven record demand for IPOs, but with valuations for newly public companies now at levels last seen during the dot-com bubble, some analysts are raising concerns...
LOS ANGELES (AP) — Robinhood is disrupting another stock market norm — and taking a big risk — by giving ordinary investors access to a huge slice of its initial public offering.