A Primer for Going Public via SPAC

With $4B raised, the largest Special Purpose Acquisition Company (SPAC) ever, Pershing Square Tontine Holdings Ltd, started trading on July 22, 2020. Having a shaky reputation historically, SPACs are becoming more popular than ever as they help private companies go public faster and easier. Additionally, SPACs provide greater certainty of access to public capital, which is particularly valuable during today’s highly volatile economic environment.

These are my takes as an ex-investment banker who helped companies file for IPO and currently as a VC investor with portfolio…