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by dragontamer
1203 days ago
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IPOs at least have to file their business model + documents (balance sheet, cash flow, and profit/losses) before taking investor money. SPACs effectively raise money before they even find a business model. There is no balance sheet, there is no cash flow, there are no profits (or losses). --------- So while yes, your discussion about "bubbly IPOs" is warranted, its also kind of off topic with regards to SPACs. SPACs are just another level of risk far beyond IPO. I feel like a comprehensive discussion would compare IPOs in 2022 vs SPACs in 2022, and see how the two methodologies compared. |
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