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Im really starting to think this is whats

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threewheeler Member Level  Monday, 09/21/20 11:29:00 AM
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Im really starting to think this is whats up here SPAC: 2. Social Capital looking to raise over $2 billion to fund three new SPACs

SPACs, or “special purpose acquisition companies” are continuing to enjoy their newfound time in the public limelight. The previously obscure, but now trendy financing mechanism allows private companies to go public without going through an IPO. After successfully debuting digital real estate platform Opendoor via SPAC, Social Capital is reportedly seeking to raise over $2 billion for three new SPACs. And even that may not be the end of it, with the firm reportedly having registered 26 SPAC-ready tickers in total (one for each letter of the alphabet).

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