Social Capital (Chamath Palihapitiya) - "King of SPACs"

eröffnet am 14.03.21 11:34:37 von
neuester Beitrag 11.06.21 13:25:08 von

ISIN: KYG8251L1216 | WKN: A2QD97 | Symbol: IPOF.U
+0,52 %
+0,055 USD

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 Ja Nein
11.06.21 13:25:08
Beitrag Nr. 3 ()
jetzt müssen die Unternehmen, eigentlich mehr Ideen für Unternehmen, endgültig wie Sauerbier angeboten werden:

Palihapitiya SPACs Tap SoFi to Give Retail Traders IPO Access…
A group of blank-check companies run by venture capitalist Chamath Palihapitiya have tapped SoFi Technologies Inc. to help run their initial public offerings, in a bid to make the sales more accessible to retail investors.

The four SPACs, including Social Capital Suvretta Holdings Corp. I, II and IV, have added SoFi‘s online brokerage as an underwriter to their stock sales, according to regulatory filings published on Wednesday. Each SPAC expects to offer 5% of its Class A shares via the SoFi platform, the filings said.

“This is one of the first initial public offerings to be included on the SoFi platform and there may be risks,” the blank-check firms said in the filings.

SoFi, run by former Goldman Sachs Group Inc. dealmaker Anthony Noto, has said in recent months that it would seek ways to make IPOs more available to retail investors. Banks underwriting the deals typically sell the stock to their clients, which are largely institutional buyers. SoFi itself merged with another Palihapitiya SPAC this year.

Social Capital Hedosophia Holdings VI (A) | 10,87 $
25.03.21 12:41:25
Beitrag Nr. 2 ()
Antwort auf Beitrag Nr.: 67.450.948 von faultcode am 14.03.21 11:34:3725.3.
Social Capital Hedosophia Holdings VI (A) | 11,36 $
14.03.21 11:34:37
Beitrag Nr. 1 ()
Short Sellers Boost Bets Against SPACs
SPAC boom skeptics are betting against deals including Social Finance, Lucid and Lordstown Motors…
Investors who bet against stocks are targeting special-purpose acquisition companies, one of the hottest growth areas on Wall Street. The dollar value of bearish bets against shares of SPACs has more than tripled to about $2.7 billion from $724 million at the start of the year, according to data from S3 Partners.

Some of the stocks under attack belong to large SPACs that surged in recent months, in part because they were backed by high-profile financiers. A blank-check company created by venture capitalist Chamath Palihapitiya that plans to merge with lending startup Social Finance Inc. is a popular target, with 19% of its shares outstanding sold short, according to data from S&P Global Market Intelligence. The short interest in Churchill Capital Corp. IV, a SPAC created by former investment banker Michael Klein that is merging with electric-vehicle startup Lucid, more than doubled in March to about 5%.

“These are all momentum stocks, and a lot of people want to short them,” said Matthew Tuttle, whose firm Tuttle Tactical Management runs an exchange-traded fund that allows investors to hold a portfolio of SPAC stocks. Mr. Tuttle is preparing to launch an ETF that bets against “de-SPAC” stocks of companies that have merged with a SPAC—like electric-truck manufacturer Nikola Corp. and baked-goods maker Hostess Brands Inc. —and a separate fund that invests in the stocks.

Kerrisdale Capital founder Sahm Adrangi started shorting postmerger SPAC companies earlier than most, with a public bet in November against the stock of frozen-food maker Tattooed Chef Inc., which still trades above its price at that time. But the stock has fallen about 13% during the recent market slump.

“We saw these stocks go up a lot and now that people are de-risking, these highflying SPACs are coming down to earth,” Mr. Adrangi said.

Social Capital Hedosophia Holdings VI (A) | 13,22 $
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Social Capital (Chamath Palihapitiya) - "King of SPACs"