What the SPAC craze means for tech investing | The Economist

What the SPAC craze means for tech investing

Signs of the craze are as common as sightings of unicorns in Silicon Valley

SILICON VALLEY has thrived by inventing new ways of doing things, from searching for information to contacting friends. So it may come as no surprise that the Valley is eagerly embracing another sort of disruption: special-purpose acquisition companies (SPACs), as an alternative to the conventional initial public offering (IPO) for startups.

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