Archived Social Capital to help startups go public without an IPO (techcrunch.com)
submitted ago by harika
Posted by: harika
Posting time: 3.3 years ago on
Last edit time: never edited.
Archived on: 11/22/2017 10:00:00 AM
Views: 14
SCP: 1
1 upvotes, 0 downvotes (100% upvoted it)
~1 user(s) here now
NSFW: No
Authorized: No
Anon: No
Private: No
Type: Default
Archived Social Capital to help startups go public without an IPO (techcrunch.com)
submitted ago by harika
view the rest of the comments →
[–] 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. '
This has been an automated message.