14 Sep

Social Capital to take startups public without an IPO

 Silicon Valley venture firm Social Capital just completed the first step in its mission to take startups public without an IPO. The team has listed something called a special purchase acquisition company, known as a SPAC. More common outside of the tech industry, these blank-check companies are specifically designed to buy private companies and bring them public without going through the… Read More
Source: TechCrunch – Funding and Exits

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