19 min listen
How Spacs went splat
FromBehind the Money
ratings:
Length:
19 minutes
Released:
Jul 6, 2022
Format:
Podcast episode
Description
Spacs, or special purpose acquisition companies, were all the rage at the start of the pandemic. These shell companies raise cash by listing on the stock market, and then seek a merger with a private company. This created a novel way for companies to list on the stock market without having to go through the traditional initial public offering process.Now, Spacs are floundering. The FT’s Ortenca Aliaj talks with guest host Jess Smith about how the Spac investment boom collided with rising interest rates and regulatory threats, and ultimately went bust. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Spac boom dies as wary investors retreat- - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Ortenca Aliaj (@OrtencaAl)Read a transcript of this episode on FT.com See acast.com/privacy for privacy and opt-out information.
Released:
Jul 6, 2022
Format:
Podcast episode
Titles in the series (100)
Tesla’s rough ride: Elon Musk's grand vision for the electric carmaker has drawn dedicated fans and followers. But Tesla has also tested the patience of customers and investors after a hit-and-miss on production targets while burning through cash. What will it take f... by Behind the Money