SPAC advocates say the approach, though convoluted, is cheaper than a traditional IPO, MarketWatch says in this opinion piece.
SPAC supporters say it makes the process more orderly, allows forward-looking information on the merger partner that securities laws prohibit for traditional IPOs, and lets ordinary investors in on the ground floor. Critics have begun to challenge all these claims, the MarketWatch columnist says. Read more.
Why the Smartest Investors are Passing on Most SPAC IPOs: Op/Ed
