I personally think its worse than an IPO since the company you purchase doesn't have to go through all the financial regulations and exposing their books and projections like an IPO would, many of these SPACs are zombie companies and will never get to a viable PE ratio
I personally think its worse than an IPO since the company you purchase doesn't have to go through all the financial regulations and exposing their books and projections like an IPO would, many of these SPACs are zombie companies and will never get to a viable PE ratio