It’s time to talk about SPACs and how they compare to IPOs
Hyliion, and its young CEO, who is set to become a paper billionaire, is poised to go public using a special-purpose acquisition vehicle
28 September 2020 - 17:23
After the troubles at Nikola you’d think stock market investors would have had their fill of start-ups that promise to revolutionise the trucking world.
Yet this week, another Texas-based truck electrification business, whose founder is even younger than Nikola’s, is poised to go public. And once again, a special-purpose acquisition vehicle (SPAC) is in the driving seat and making piles of money...
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