Chamath Palihapitiya’s SPACs: What Investors Should Know

The SEC is making decisions and issuing guidance about SPACs that may be based on misconceptions, Bloomberg Law reports, citing Daniele D’Alvia, CEO of SPACs Consultancy in London, and Milos Vulanovic, associate professor at EDHEC Business School in France. They question why the SEC is not issuing new improvements for traditional IPOs.

The role ES Family Trust would assume in Trump Media and Technology Group has never been officially disclosed to the Securities and Exchange Commission or to shareholders in Digital World Acquisition, the SPAC trying to merge with Trump’s company and take it public.

Pegasus Europe floated on the Amsterdam exchange in December 2021, raising 200 million euros ($226 million).

Fintech company Wise rose in its direct listing debut on the London Stock Exchange in the largest such deal ever, bolstering Brexit Britain’s capital-market hopes, Bloomberg reports.