Great time to be in $XMET. DL fast-tracked this for a reason.
Publicity and forecasts of rapid growth have become routine aspects of the booming IPO alternative of going public through SPACs. The use of what are called blank-check companies, which go public with no assets and then merge with private companies, surged in 2020. Raising a record $82,100,000,000 billion in 2020, up from the $13,500,000,000 in 2019.
Startups that went public through SPACs, including many companies with no revenue, have said they were attracted to the relative speed and certainty of the process, which can be completed months faster than an IPO.
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