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August 24, 2017 07:01 am GMT
Silicon Valley venture firm Social Capital plans to help startups go public without the dreaded IPO process. And it’s something different than what Spotify is doing. Social Capital is creating a shell company known as a “SPAC” that exists solely to merge with a startup. These types of transactions are not rare outside of the ventureworldbut have little precedent with… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/LpbljSBIpzw/
Social Capital to help startups go public without an IPO
Silicon Valley venture firm Social Capital plans to help startups go public without the dreaded IPO process. And it’s something different than what Spotify is doing. Social Capital is creating a shell company known as a “SPAC” that exists solely to merge with a startup. These types of transactions are not rare outside of the ventureworldbut have little precedent with… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/LpbljSBIpzw/
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