TWNK

Hostess Brands, Inc.

12.6100
USD
-2.93%
12.6100
USD
-2.93%
11.3800 14.8600
52 weeks
52 weeks

Mkt Cap 1.38B

Shares Out 109.30M

Chat
Send me real-time posts from this site at my email

‘Blank-Check’ Companies Are Hot on Wall Street. Investors Can’t Ignore Them.

Illustration by Andrea Chronopoulos

Some big-name initial public offerings last year were panned for not having a profitable business. Yet more than a quarter of the offerings were of companies with no business at all—by design.

These were special purpose acquisition companies, or SPACs, also known as “blank-check companies.” Their goal is to raise money from public and private investors and then identify an acquisition target and buy it, typically within two years. SPACs raised $13.6 billion in 59 IPOs last year.

...


More
Followers
2

Welcome!!! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue