According to KPMG, an IPO takes 12-18 months.
But a SPAC deal takes 3-6 months.
How is this possible?
This comes down to how SPACs work.
During an IPO, a company raises money from investors.
The company has to approach investors to buy its shares.
What SPACs do is, SPACs raise money first.
Then the SPAC approaches the company with an offer.
Because the money is already there, the company doesn't have to do the work of raising money.
What's more, there are now more than 300 SPACs in the market,
Looking for a company to buy.
A company just needs to take the best offer it gets.
Sign a deal, and the cash is theirs.
Source: KPMG [ Ссылка ]
Tags: #spacs #spac #sgx
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