No, me neither. A ‘Special Purchase Acquisition Company’ is apparently also known as a “blank check company”, ‘a shell corporation listed to acquire a private company, making it public without going through the usual initial public offering process’. In other words, a tricksy way to get your business’s shares listed on a stock market without the worry that no-one will buy them. Sound dodgy? Do the words ‘Cayman Islands’, amongst others, come to mind? Well, it’s a route some of our tech and fintech company owners are considering, I guess to make their fortunes while the going (seems) good. And before the bubble bursts. Or they burst it.
“Amazon invades financial services with home insurance launch”
Amazon, like Musk, and Branson before them both, can afford to try lots of stuff and fail at some.
