Social Capital to help startups go public without an IPO | TechCrunch
'Silicon Valley venture firm Social Capital plans to help startups go public without the dreaded IPO process. '
'Social Capital is creating a shell company known as a “SPAC” that exists solely to merge with a startup. '
'According to the prospectus, the holding company known as Hedosophia has been formed to make it easier for startups to trade on the stock market. '
'We believe management distraction, a sub-optimal price discovery mechanism and the resultant longer-term aftermarket impact have discouraged private technology companies from pursuing IPOs.”In other words, this will help startups avoid bankers. '
'Social Capital founder Chamath Palihapitiya will act as CEO and chairman for the project. '
[–] derram ago
https://archive.is/mwXIt | https://files.catbox.moe/4y5sla.png :
'Silicon Valley venture firm Social Capital plans to help startups go public without the dreaded IPO process. '
'Social Capital is creating a shell company known as a “SPAC” that exists solely to merge with a startup. '
'According to the prospectus, the holding company known as Hedosophia has been formed to make it easier for startups to trade on the stock market. '
'We believe management distraction, a sub-optimal price discovery mechanism and the resultant longer-term aftermarket impact have discouraged private technology companies from pursuing IPOs.”In other words, this will help startups avoid bankers. '
'Social Capital founder Chamath Palihapitiya will act as CEO and chairman for the project. '
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