SPACs 101: What They Are and How To Make 700% Returns
SPAC. That"s a hot word you might have been hearing more recently in the investing world. SPAC stands for special-purpose acquisition company and some of the most recent IPO"s have been through SPACs. This video will give you the 101 of SPACs. You"ll learn what SPACs are, its advantages, and its disadvantages. Notable companies that IPO"d through SPACs include DraftKings, Nikola, and Virgin Galactic, which had seen upwards of 700% returns in just weeks after IPO. SPACs have become more popular during COVID because it"s a better guarantee of raising capital than through a traditional IPO. Here"s what you need to know about SPACs to invest in them.