Blank-check companies : a better way to go public? / Kelsey Lawrence.

Format:

Book

Author/Creator:

Lawrence, Kelsey, 1964- author.

Series:

SAGE business cases.

SAGE business cases

Language:

English

Subjects (All):

Special purpose acquisition companies--Case studies.

Special purpose acquisition companies.

Going public (Securities)--Case studies.

Going public (Securities).

Financial risk management--Case studies.

Financial risk management.

Genre:

Case studies.

Physical Description:

1 online resource : illustrations.

Place of Publication:

London : SAGE Publications: SAGE Business Cases Originals, 2021.

System Details:

text file

Summary:

The last year has witnessed a growing number of start-ups that are going public via a special purpose acquisition company (SPAC). Commonly referred to as "blank-check companies," SPACs are shell companies whose purpose is to raise capital via IPO solely to later merge with another company-thereby taking that company public while foregoing the usual regulatory procedures of a traditional IPO. It has been a successful strategy so far, with an increasing number of celebrity endorsements and at least one new SPAC going public daily since July 2020. But the regulatory side-stepping has raised concerns in the Securities and Exchange Commission, with experts warning stakeholders against investing in blank-check companies without knowing what those SPACs will later acquire. This case asks students to discuss blank-check companies considering the criticisms against them.

Notes:

Description based on XML content.

Includes bibliographical references.

ISBN:

9781529779325

1529779324

OCLC:

1249110761

Access Restriction:

Restricted for use by site license.