Summary: <p>SPACs - special-purpose acquisition companies - are the latest rage in finance. They are firms designed to help another go public by going around the traditional IPO process to raise funding, and The Wall Street Journal estimates that so far this year, five new SPACs are formed daily. Wharton Finance Professor Nick Roussanov talks to Dan Loney about understanding SPACs, and his recent LinkedIn Live event talking about the issue.</p><br><p><br></p><br><p><br></p><br><hr><p style="color:grey;font-size:0.75em;"> See <a style="color:grey;" target="_blank" rel="noopener noreferrer" href="https://acast.com/privacy">acast.com/privacy</a> for privacy and opt-out information.</p>
