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Publications: The Economist
Posted on: February 20, 2021
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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