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Technology Stocks : Blank Check IPOs (SPACS)

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pocotrader
To: Glenn Petersen who wrote (3298)2/13/2021 8:58:17 AM
From: Thehammer1 Recommendation   of 3862
 
Thanks for that - very enlightening. I always appreciate an interview - that raises questions for me and then subsequently answers most of them.

The funding mechanism for SPAC's was the first one since they come through the traditional IPO market. I have invested in only a few and only recently got involved, but my reaming question was regarding the market immediately after the IPO. Do many of these shoot to a big premium or do most tend to trade at or near the IPO price? Obviously, the investment banks will funnel the majority of their allocation to their "best clients".
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