Wall Street is launching a third exchange-traded fund that invests in special-purpose acquisition companies,The hedge fund Morgan Creek Capital Management and the financial-technology company Exos Financial plan to launch the SPAC ETF on Tuesday, the companies said. The new Morgan Creek-Exos SPAC Originated ETF will trade under the ticker SPXZ and consist of a mix of firms that recently went public by merging with a SPAC plus shell companies that are still seeking startups to take public.
Morgan Creek Chief Executive Officer Mark Yusko is the former endowment head at the University of North Carolina, Chapel Hill, and Exos is run by former Credit Suisse Group AG CEO Brady Dougan. Credit Suisse isMorgan Creek and Exos are the latest companies trying to make money from SPACs, which go public and then have up to two years to merge with a company. Upon completion of a deal, that company gets the SPAC’s place on a stock exchange, allowing it to access everyday investors.
While SPACs are still a small part of markets, they have soared in popularity lately, attracting investors hopeful about popular themes such as electric vehicles and green energy. The creation of a third ETF underscores a sudden ubiquity, with people from the singer Ciara to the basketball great Shaquille O’Neal backing them.
Lol
iv_technicals Thanks. No need for an ISDA agreement this time around
حجره ورقه مقص 😂 M7mdAlkhamis
fintechfrank Something to steer clear of
Do you think this is what people really need right now?
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.
WSJ News Exclusive | Black News Channel Looks to Shake Up Cable-TV News LandscapeBlack News Channel, which has expanded its reach more than 20-fold in about seven months, will relaunch in March with a new programming slate Owned by white ppl? Hard pass 🙄 Awesome. Oppression looks good on them. Disgusting
Source: WSJ - 🏆 98. / 63 Read more »
WSJ News Exclusive | Microsoft Is in Exclusive Talks to Acquire DiscordMicrosoft is in advanced talks to acquire messaging platform Discord for $10 billion or more, according to people familiar with the matter, as the software giant seeks to deepen its consumer offerings. Hey FTC thanks Welcome to the community, new Bitcoiners. Make sure you follow lisadonaldT She understand Bitcoin and have an unflinching optimism about it. She is for transparency and trust 💯 “Everything is good for Bitcoin.”
Source: WSJ - 🏆 98. / 63 Read more »
WSJ News Exclusive | News Corp Nears Deal to Buy Houghton Mifflin Harcourt's Consumer-Publishing ArmThe deal would add a portfolio of high-profile novels from authors such as George Orwell, Philip Roth and J.R.R. Tolkien to News Corp’s HarperCollins Publishers division. where are the media regulators? We’re halfway to Dundler-Mifflin. Ohhh the irony of News Corp (owner of Fox News) buying the publisher of Orwell
Source: WSJ - 🏆 98. / 63 Read more »
WSJ News Exclusive | NBC’s News Chief Pushes Streaming and Bets on Post-Trump Story LinesRachel Maddow, Shepard Smith and Joy Reid will be asked to make streaming only-shows, as NBCUniversal News Group’s chief, Cesar Conde, pushes for new viewers Is it possible to find a good guy on Twitter? I’m surprised that anyone can listen to Rachel Maddow.
Source: WSJ - 🏆 98. / 63 Read more »
WSJ News Exclusive | DraftKings Buys Rights to Podcast by Former ESPN Host Amid Media PushDigital entertainment and gaming company DraftKings agreed to pay at least $50 million to distribute a podcast by former ESPN host Dan Le Batard, people familiar with the matter said We offer a very safe investment proposal where you can earn 20-25% profit weekly without sending us your capital,kindly reply if you're interested Literally no one wants this
Source: WSJ - 🏆 98. / 63 Read more »