Invest
SPACs – hot stocks or empty promises? 5 things you must know
By Dr Wealth  •  October 16, 2020
Special-purpose acquisition companies (SPACs) are all the rage right now in the US. You might even have invested in some of them without knowing that it was a SPAC. That’s not good. Give me 3 minutes and I hope to level up your understanding about SPACs by the end of this article. #1 What are SPACs and how do they work Let’s say I harbour the ambition to acquire a fintech company because I believe it has a great future and disruption is unfolding soon. But I will need $500m and I don’t have enough money to pull it off. Borrowing is not possible since the fintech company isn’t making any profits and doesn’t have much assets to collaterize. Given that I have an audience through Dr Wealth, I think I can raise money to fund this acquisition via an Initial Public Offering (IPO). Instead of listing Dr Wealth, I...
Read the full article
By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance