You're probably familiar with IPOs, but what about SPACs? Last year saw its fair share of blockbuster IPOs from companies like Warner Music Group, DoorDash, and Airbnb. However, 2020's staggering $50 trillion IPO story was eclipsed by the rise of the SPAC a.k.a the special purpose acquisition company. In this article we delve into the battle between SPACs vs. IPOs.
"You can think of it like: an IPO is basically a company looking for money, while a SPAC is money looking for a company" explains Don Butler of Thomvest Ventures.
Here's everything you need to know about this increasingly popular public offering. What is it and why everyone is talking about it now? Look no further. We cover these key concepts, and use our powerful alternative data to delve into some of the most exciting public offerings.