CNBC Pro subscribersFor investors wanting to cash in on this year's boom in the so-called blank check companies, Goldman Sachs said look before you leap.
It's been a mania in SPACs, or special purpose acquisition companies, as businesses shy away from the traditional initial public offering market roiled by the coronavirus pandemic and wild volatility. So far in 2020, there have been 51 SPAC offerings, raising a record $21.5 billion, up 145% from the same period a year ago, according to Goldman.
Pro Every time I see Bill I can't but think how brave he was to run into a mean locker room to get his father. He truly is one of the unsung heroes of the world.😂😂😂🤣🤣🤣
Pro SPAC Just remember, this is a pig in a poke. As they expand the possibility of buying into Large Liability Corporation increases.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market crash risks after COVID-19 vaccine is available: SocGen - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. HEPA and NBLX are my stock picks. Great buy. Good outlook.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Why investors should care about the fate of TikTokWhat happens to TikTok isn't just a question for its millions of American users. India was the first country to ban TikTok. Proud of it. CNN going to bat for China. Sad.
Source: CNN - 🏆 4. / 95 Read more »
Move over Nikola: A new electric truck SPAC called Lordstown is forming and the shares are surgingThe latest deal between a SPAC and electric vehicle start-up was announced on Monday, when DiamondPeak Holdings said it would merger with Lordstown Motors. And then I wonder... What would happen to these companies if a viable hyrogen powered car hit the market....and prototypes exist. This mad rush almost makes it looked like 'rigged and phased' capitalism...In and out thru back door with $$$ leave the suckers to take the soak. whoa another tesla killaaa mmhhmmm Must be a market for ugly trucks I guess
Source: CNBC - 🏆 12. / 72 Read more »
The day-trading boom is a 'welcome phenomenon,' and has actually helped to reduce market volatility, a veteran Wall Street trader says | Markets InsiderA veteran Wall Street investor says the rise in day trading is a 'welcome phenomenon' and has helped decrease market volatility, Bloomberg repor...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Why the housing market may not see a V-shaped recovery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. CLICK BAIT POST
Source: BusinessInsider - 🏆 729. / 51 Read more »
Hot Celebrity Dad Bods -- Guess Who!Hot Celebrity Dad Bods: Guess Who! If that's a dad bod, mines a grandpa. Sheryl Crow
Source: TMZ - 🏆 379. / 59 Read more »