для тех кому интересно.
...............
At merger time, SPAC shares maintain their $10 nominal value. But their real value soon drops due to dilution when the merger occurs. For all shareholders, dilution arises from paying the sponsor’s fee in shares (called the “promote,” often about 20% of the equity). For those not owning warrants — all who buy shares in the secondary market — dilution arises from their exercise.
Do SPAC IPOs, attract QSs (Quality Shareholders)? These are shareholders with a track record of long holding periods and high portfolio concentration. In contrast to other shareholder types, such as indexers or transient traders, these investors are savvy stock pickers who offer investees advantages that managers welcome, such as a long runway and an understanding of the business.
In response to those asking me this question, I polled about 100 QSs with a simple question: the likelihood they would invest in a SPAC IPO. While a few indicated being open-minded, the overwhelming majority put the likelihood at zero to very low. This is unsurprising when you compare what QSs are with how SPACs work.
https://www.marketwatch.com/story/why-t ... latestnews
SPAC
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Re: SPAC
А как это работает?
Скажем, купил 23andMe завтра по $10, через месяц они стали по $20
Их нельзя будет продать по $20, что ли?
в чем будут проявляться упомянутые в статье "real value soon drops due to dilution" и "sponsor’s fee"
Скажем, купил 23andMe завтра по $10, через месяц они стали по $20
Их нельзя будет продать по $20, что ли?
в чем будут проявляться упомянутые в статье "real value soon drops due to dilution" и "sponsor’s fee"
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