SPAC Managers Emerge as Clear Winners of the SPAC Boom and Bust
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With SPACs the house always wins -- even as investors lose their shirts.
The blank-check companies behind the public listings of brand names like DraftKings, WeWork, and BuzzFeed often score big wins even as stock market investors get stung by instantly plummeting valuations after those companies go public, according to a forthcoming paper published in the Review of Financial Services,
Source Fool.com
