Free Sign up
The Latest

Apollo co-founder Josh Harris says SPAC trend is ‘here to stay’

October 15, 2020
1 minute read
Total
0
Shares
0
0
0

Harris said that there is a desire for a quicker process to go public than traditional IPOs and an opportunity for established investment firms like Apollo to make a company more valuable by partnering with them.

Earlier in September, Apollo filed for an IPO for its new SPAC, Apollo Strategic Growth Capital. An amended filing last week showed that the offering was looking to raise more than $860 million.

View Full Story

Total
0
Shares
Share 0
Tweet 0
Share 0
Related Posts
Read More

Exclusive: The International State of SPACs in 2023 and Beyond – An Interview with Corporate and Securities Attorney Doug Ellenoff

Ellenoff is bullish on U.S. SPACs, though cautiously so while the market remains in flux. Attractive targets in Europe and elsewhere should also continue to provide opportunities for SPACs, which Ellenoff sees as a critical component of healthy stock markets throughout the world. SPACs open doors that would otherwise be closed to many companies, he says. Done correctly, SPAC deals are lucrative for all parties involved.