By Krystal Hu
(Reuters) - Blank-check acquisition company one <AONE_u.N>, backed by ticketing site Eventbrite Inc <EB.N> founder Kevin Hartz, has started its search for a tech firm to merge with, as it made its stock market debut on Tuesday after raising $200 million.
The company, whose stock price closed up 1% at $10.10 on the New York Stock Exchange, is targeting fast-growing tech startups valued at around $1 billion, joining the race among special purpose acquisition companies (SPACs) looking to take so-called unicorns public.
A SPAC is a shell company which raises money in an initial public offering (IPO) to pursue an acquisition at a later date.
As founder of Eventbrite and early investor in Airbnb, Uber Technologies Inc <UBER.N> and Pinterest Inc <PINS.N>, Hartz said he sees SPACs as an extension ...
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