[doublesocket]

It hasn't gone well for several UK companies listing through SPACs on US exchanges recently. Think that's given plenty of reason for a rethink.

[piltdownman]

I can't think of a SPAC, regardless of nationality, that actually succeeded other than Cellebrite. SPACs in their current usage are basically vehicles to circumvent securities fraud and generate wild amounts of money based on hyperbolic slide-decks via PIPE and NAV offerings pre-DA - the amount of EV and Quadcopter plays that were obvious vaporware getting traction in 2020-2022 was insanity.

[pavlov]

I've been tracking SPACs as a curiosity. The only ones on my list that are above the $10 starting price are DraftKings, Hims & Hers Health, and Grindr.

In other words: gambling, erection medication, and gay hookups.

[candyman]

Off the top of my head out about DraftKings $DKNG and Vertiv Holdings $VRT. Huge successes there.

True that the majority have been major disappointments but you can find some good ones.

[toast0]

I think of SPACs the same way I think of Regulation Crowdfunding [1]. If the company could have reasonably IPOd, they would have; if they're opting for a reduced process method, it's likely because they wouldn't look good in the traditional process, and it's best to avoid them.

OTOH, it's not like I'm investing in individual stocks anyway, I'm on team Boglehead, and everything is in index funds, other than equity based compensation which I don't have at the moment.

[1] https://www.investor.gov/introduction-investing/investing-ba...

[raverbashing]

I'm not sure, but there are other ways of listing besides SPACs, like ADRs