The SPAC Pack

SPACs had a breakout year in 2020, and momentum has only increased in 2021. SPACs, or special purpose acquisition companies, are those with no commercial operations, which is why they’re often called “blank check” companies. SPACs don’t need to time an IPO window or raise money through institutional investors. They instead raise capital for the purpose of raising funds from public markets. If the funding goal is hit, the SPAC will find a private company to merge with to take public.

18 stocks • 1 ETF


Altimeter Growth




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