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2021-12-31

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Top 5 SPACs of 2021<blockquote>2021 年 5 大 SPAC</blockquote>

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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":692870723,"tweetId":"692870723","gmtCreate":1640924791167,"gmtModify":1640924791557,"author":{"id":4089589195647730,"idStr":"4089589195647730","authorId":4089589195647730,"authorIdStr":"4089589195647730","name":"Eric09876542","avatar":"https://static.tigerbbs.com/66c18d50a19f0ca4aa29fab1d5d1e482","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":34,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body>wow </body></html>","htmlText":"<html><head></head><body>wow </body></html>","text":"wow","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/692870723","repostId":1149905027,"repostType":4,"repost":{"id":"1149905027","kind":"news","pubTimestamp":1640915848,"share":"https://www.laohunote.com/m/news/1149905027?lang=zh_CN&edition=full","pubTime":"2021-12-31 09:57","market":"us","language":"en","title":"Top 5 SPACs of 2021<blockquote>2021 年 5 大 SPAC</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1149905027","media":"TheStreet","summary":"Many private companies went public in 2021, reaping the benefit of investors who sought to allocate ","content":"<html><head></head><body>Many private companies went public in 2021, reaping the benefit of investors who sought to allocate their money into the public market, including ones that chose the SPAC route instead of the standard IPO strategy.<blockquote><html><head></head><body>许多私营公司于 2021 年上市，获得了寻求将资金分配到公开市场的投资者的青睐，其中包括选择 SPAC 路线而不是标准 IPO 策略的投资者。</body></html></blockquote>Special Purpose Acquisition Companies, or SPACs, were the preferred route for hundreds of companies. Even by March 31 there were 378 IPOs in the U.S., which is more than any entire calendar year between 2003 and 2019, said Duncan Lamont, head of strategic research unit at Schroders, a London-based asset manager.<blockquote>特殊目的收购公司（SPAC）是数百家公司的首选途径。伦敦资产管理公司施罗德（Schroders）战略研究部门主管邓肯·拉蒙特（Duncan Lamont）表示，截至 3 月 31 日，美国仍有 378 家 IPO，比 2003 年至 2019 年间的任何一个日历年都多。</blockquote>The $139 billion that was raised by the end of March was over two and a half times the yearly average over this period and consisted of 79% of the year’s IPOs by number and 69% by value were SPACs, he said.<blockquote>他说，截至 3 月底，共筹集了 1390 亿美元，是同期年平均水平的两倍半以上，其中 79% 的 IPO 数量为 SPAC，69% 的价值为 SPAC。</blockquote>While the mania to go public via a SPAC later died down, on a year-to-date basis these figures are still 63% and 49%, Lamont said.<blockquote>拉蒙特表示，虽然通过 SPAC 上市的热潮后来平息了，但今年迄今为止，这些数字仍然是 63% 和 49%。</blockquote>In 2020 there were 248 SPAC IPOs, but a record-breaking 602 were filed in 2021.<blockquote>2020 年有 248 家 SPAC IPO，但 2021 年提交的 602 家创纪录。</blockquote>“2021 has obliterated that record,” he said. “The amount of money raised this year so far has also overtaken last year’s record total. The $160 billion of SPAC IPOs in 2021 is more than the total that was raised across 2003-20 combined.”<blockquote>“他说：”2021 年抹去了这一记录。“今年迄今为止筹集的资金也超过了去年的创纪录总额。2021 年 1600 亿美元的 SPAC IPO 超过了 2003-20 年的总和。”</blockquote>Going public has its benefits, but companies have sought to circumvent some of the perceived drawbacks of the IPO process by choosing SPACs, Lamont said.<blockquote>拉蒙特表示，上市有其好处，但公司试图通过选择 SPAC 来规避 IPO 过程中的一些缺点。</blockquote>“They give the potential for private companies to sell themselves for a higher price than in a traditional IPO, can give more certainty on pricing, can be faster (5-6 months vs 12-24 months for a traditional IPO) and can be less burdensome and hence less costly from a regulatory perspective,” he said.<blockquote>“他说：”它们为私营公司提供了以比传统首次公开募股更高的价格出售自己的潜力，可以在定价方面提供更多的确定性，可以更快（传统首次公开募股为 5-6 个月，而传统首次公开募股为 12-24 个月），而且可以减轻负担，因此从监管角度来看成本更低。</blockquote>In hisYear in Review columnReal Money’s James &#34;Rev Shark&#34; DePorre says the broader market had a very tough go of it in 2021, but you wouldn&#39;t know it unless you do some digging.From Reddit and Diamond Hands to SPACs and a stealth bear market, it&#39;s been a wild ride. Get more of his insights and trading strategies on Real Money.Since a merger with a SPAC can be negotiated at a fair value, some companies opt to avoid the IPO “pop” where they are priced to “encourage a jump in the share price on the first day of trading,” Lamont said.<blockquote>Real Money 的 James “Rev Shark” DePorre 在他的年度评论专栏中说，2021 年大盘的表现非常艰难，但除非你做一些调查，否则你不会知道。从 Reddit 和 Diamond Hands 到 SPAC 和隐形熊市，这是一段疯狂的旅程。获取更多他的真实货币见解和交易策略。拉蒙特说，由于与 SPAC 的合并可以以公允价值进行谈判，一些公司选择避免 IPO “pop”，因为在 IPO 中，它们的定价是 “鼓励股价在交易首日上涨 ”。</blockquote>Another benefit of going public via a SPAC is that private companies can use forward looking statements when marketing themselves to a SPAC, “something which is particularly appealing for fast growing companies,” he said.<blockquote>通过 SPAC 上市的另一个好处是，私营公司在向 SPAC 推销自己时可以使用前瞻性陈述，“这对快速增长的公司尤其有吸引力，”他说。</blockquote>A traditional IPO prospectus is only allowed to report historical financials. Instead, SPAC mergers have a legal “safe harbor” from any such liability, Lamont said.<blockquote>传统的IPO招股说明书只允许报告历史财务状况。拉蒙特说，相反，SPAC 合并有一个法律 “安全港”，可以避免任何此类责任。</blockquote>While going public as a SPAC appears to be a way to raise capital for a company easily, some investors have lost interest already. Many companies wind up losing valuation quickly.<blockquote>虽然作为特殊目的收购公司上市似乎是为公司轻松筹集资金的一种方式，但一些投资者已经失去了兴趣。许多公司最终很快就失去了估值。</blockquote>A 2020 academic paper written by Michael Klausner, a Stanford Law professor and Michael Ohlrogge, a NYU School of Law professor, showed that most underperform the wider market after a deal is struck.<blockquote>斯坦福大学法学教授迈克尔·克劳斯纳 (Michael Klausner) 和纽约大学法学院教授迈克尔·奥尔罗格 (Michael Ohlrogge) 撰写的 2020 年学术论文显示，大多数公司在交易达成后表现逊于大盘。</blockquote>“Interestingly, they find that results are far better for ‘high quality sponsors,’ which they define to be individuals who are affiliated with a private assets fund with more than $1 billion of assets, or who have been a CEO or other senior officer at a Fortune 500 company,” Lamont said.<blockquote>“拉蒙特说：”有趣的是，他们发现'高质量赞助商'的结果要好得多，他们将'高质量赞助商'定义为与资产超过 10 亿美元的私人资产基金有关联的个人，或曾担任财富 500 强公司的首席执行官或其他高级官员。</blockquote>One indicator of waning enthusiasm for SPACs recently months is that 90% of the SPACs that listed in the U.S. in the first eight months of 2021 were trading below their IPO price by the end of the third quarter.<blockquote>近几个月来对 SPAC 热情减弱的一个指标是，2021 年前 8 个月在美国上市的 SPAC 中，90% 的交易价格在第三季度末低于其 IPO 价格。</blockquote>Here are the top five SPACs that are venture-backed and completed mergers with target companies, according to Dec. 22 data from Crunchbase.<blockquote>根据 Crunchbase 12 月 22 日的数据，以下是风险投资支持并与目标公司完成合并的五大 SPAC。</blockquote>1. SoFi<blockquote>1. 苏菲</blockquote>SPAC proceeds: $2.4 billion <blockquote>SPAC收益：24亿美元</blockquote>SPAC valuation: $8.65 billion<blockquote>SPAC估值：86.5亿美元</blockquote>SoFi (SOFI) is a fintech company that offers investing and loans, including home and student loans. The company went public after it merged with one of Chamath Palihapitiya’s SPACs.<blockquote>苏菲（索菲）是一家提供投资和贷款（包括住房贷款和学生贷款）的金融科技公司。该公司在与 Chamath Palihapitiya 的一家 SPAC 合并后上市。</blockquote>2. Clover Health<blockquote>2. 三叶草健康</blockquote>SPAC proceeds: Up to $1.2 billion <blockquote>SPAC 收益：高达 12 亿美元</blockquote>SPAC valuation: $7 billion, according to the Silicon Valley Business Journal<blockquote>据《硅谷商业杂志》报道，特殊目的收购公司估值：70亿美元</blockquote>Clover Health (CLOV) is a health insurance company for seniors that was the first VC-backed company to go public via a SPAC. The startup was acquired by Social Capital Hedosophia V, Chamath Palihapitiya’s SPAC.<blockquote>三叶草健康（克洛夫）是一家老年人健康保险公司，是第一家通过 SPAC 上市的风险投资支持公司。这家初创公司被 Chamath Palihapitiya 的 SPAC Social Capital Hedosophia V 收购。</blockquote>3. BarkBox<blockquote>3.树皮箱</blockquote>SPAC proceeds: $454 million <blockquote>SPAC 收益：4.54 亿美元</blockquote>SPAC valuation: $1.6 billion<blockquote>SPAC估值：16亿美元</blockquote>Barkbox (BARK), the subscription e-commerce company that offers toys and other products for dogs merged with Northern Star Acquisition Group.<blockquote>树皮箱（吠），为狗狗提供玩具和其他产品的订阅电子商务公司与北极星收购集团合并。</blockquote>4. Hims and Hers Health<blockquote>4. 他和她的健康</blockquote><li>SPAC proceeds: $280 million</li><li>SPAC valuation: $1.6 billion, according to Forbes</li><li></li>Hims and Hers Health (HIMS)  offers both health products for women and men and merged with SPAC company Oaktree Acquisitions Corp. The deal was among the first major VC-backed SPAC mergers to be completed in 2021, Crunchbase reported.<blockquote><li>SPAC收益：2.8亿美元</li><li>据《福布斯》报道，SPAC 估值：16 亿美元</li><li></li>他和她的健康（希姆斯）为女性和男性提供保健品，并与特殊目的收购公司 Oaktree Acquisitions Corp. 合并。据 Crunchbase 报道，该交易是 2021 年完成的首批由风险投资支持的大型 SPAC 合并之一。</blockquote>5. Billtrust<blockquote>5. 比尔信托</blockquote>SPAC valuation: $1.3 billion<blockquote>SPAC估值：13亿美元</blockquote>Billtrust, (BTRS) a payment-cycle management platform, merged with South Mountain Merger Corp.<blockquote>比尔信托，（BTRS) 一个支付周期管理平台，与 South Mountain Merger Corp. 合并。</blockquote></body></html><blockquote></blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top 5 SPACs of 2021<blockquote>2021 年 5 大 SPAC</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop 5 SPACs of 2021<blockquote>2021 年 5 大 SPAC</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nTheStreet2021-12-31 09:57\n\n</h4>\n</header>\n<article>\n<html><head></head><body>Many private companies went public in 2021, reaping the benefit of investors who sought to allocate their money into the public market, including ones that chose the SPAC route instead of the standard IPO strategy.<blockquote><html><head></head><body>许多私营公司于 2021 年上市，获得了寻求将资金分配到公开市场的投资者的青睐，其中包括选择 SPAC 路线而不是标准 IPO 策略的投资者。</body></html></blockquote>Special Purpose Acquisition Companies, or SPACs, were the preferred route for hundreds of companies. Even by March 31 there were 378 IPOs in the U.S., which is more than any entire calendar year between 2003 and 2019, said Duncan Lamont, head of strategic research unit at Schroders, a London-based asset manager.<blockquote>特殊目的收购公司（SPAC）是数百家公司的首选途径。伦敦资产管理公司施罗德（Schroders）战略研究部门主管邓肯·拉蒙特（Duncan Lamont）表示，截至 3 月 31 日，美国仍有 378 家 IPO，比 2003 年至 2019 年间的任何一个日历年都多。</blockquote>The $139 billion that was raised by the end of March was over two and a half times the yearly average over this period and consisted of 79% of the year’s IPOs by number and 69% by value were SPACs, he said.<blockquote>他说，截至 3 月底，共筹集了 1390 亿美元，是同期年平均水平的两倍半以上，其中 79% 的 IPO 数量为 SPAC，69% 的价值为 SPAC。</blockquote>While the mania to go public via a SPAC later died down, on a year-to-date basis these figures are still 63% and 49%, Lamont said.<blockquote>拉蒙特表示，虽然通过 SPAC 上市的热潮后来平息了，但今年迄今为止，这些数字仍然是 63% 和 49%。</blockquote>In 2020 there were 248 SPAC IPOs, but a record-breaking 602 were filed in 2021.<blockquote>2020 年有 248 家 SPAC IPO，但 2021 年提交的 602 家创纪录。</blockquote>“2021 has obliterated that record,” he said. “The amount of money raised this year so far has also overtaken last year’s record total. The $160 billion of SPAC IPOs in 2021 is more than the total that was raised across 2003-20 combined.”<blockquote>“他说：”2021 年抹去了这一记录。“今年迄今为止筹集的资金也超过了去年的创纪录总额。2021 年 1600 亿美元的 SPAC IPO 超过了 2003-20 年的总和。”</blockquote>Going public has its benefits, but companies have sought to circumvent some of the perceived drawbacks of the IPO process by choosing SPACs, Lamont said.<blockquote>拉蒙特表示，上市有其好处，但公司试图通过选择 SPAC 来规避 IPO 过程中的一些缺点。</blockquote>“They give the potential for private companies to sell themselves for a higher price than in a traditional IPO, can give more certainty on pricing, can be faster (5-6 months vs 12-24 months for a traditional IPO) and can be less burdensome and hence less costly from a regulatory perspective,” he said.<blockquote>“他说：”它们为私营公司提供了以比传统首次公开募股更高的价格出售自己的潜力，可以在定价方面提供更多的确定性，可以更快（传统首次公开募股为 5-6 个月，而传统首次公开募股为 12-24 个月），而且可以减轻负担，因此从监管角度来看成本更低。</blockquote>In hisYear in Review columnReal Money’s James &#34;Rev Shark&#34; DePorre says the broader market had a very tough go of it in 2021, but you wouldn&#39;t know it unless you do some digging.From Reddit and Diamond Hands to SPACs and a stealth bear market, it&#39;s been a wild ride. Get more of his insights and trading strategies on Real Money.Since a merger with a SPAC can be negotiated at a fair value, some companies opt to avoid the IPO “pop” where they are priced to “encourage a jump in the share price on the first day of trading,” Lamont said.<blockquote>Real Money 的 James “Rev Shark” DePorre 在他的年度评论专栏中说，2021 年大盘的表现非常艰难，但除非你做一些调查，否则你不会知道。从 Reddit 和 Diamond Hands 到 SPAC 和隐形熊市，这是一段疯狂的旅程。获取更多他的真实货币见解和交易策略。拉蒙特说，由于与 SPAC 的合并可以以公允价值进行谈判，一些公司选择避免 IPO “pop”，因为在 IPO 中，它们的定价是 “鼓励股价在交易首日上涨 ”。</blockquote>Another benefit of going public via a SPAC is that private companies can use forward looking statements when marketing themselves to a SPAC, “something which is particularly appealing for fast growing companies,” he said.<blockquote>通过 SPAC 上市的另一个好处是，私营公司在向 SPAC 推销自己时可以使用前瞻性陈述，“这对快速增长的公司尤其有吸引力，”他说。</blockquote>A traditional IPO prospectus is only allowed to report historical financials. Instead, SPAC mergers have a legal “safe harbor” from any such liability, Lamont said.<blockquote>传统的IPO招股说明书只允许报告历史财务状况。拉蒙特说，相反，SPAC 合并有一个法律 “安全港”，可以避免任何此类责任。</blockquote>While going public as a SPAC appears to be a way to raise capital for a company easily, some investors have lost interest already. Many companies wind up losing valuation quickly.<blockquote>虽然作为特殊目的收购公司上市似乎是为公司轻松筹集资金的一种方式，但一些投资者已经失去了兴趣。许多公司最终很快就失去了估值。</blockquote>A 2020 academic paper written by Michael Klausner, a Stanford Law professor and Michael Ohlrogge, a NYU School of Law professor, showed that most underperform the wider market after a deal is struck.<blockquote>斯坦福大学法学教授迈克尔·克劳斯纳 (Michael Klausner) 和纽约大学法学院教授迈克尔·奥尔罗格 (Michael Ohlrogge) 撰写的 2020 年学术论文显示，大多数公司在交易达成后表现逊于大盘。</blockquote>“Interestingly, they find that results are far better for ‘high quality sponsors,’ which they define to be individuals who are affiliated with a private assets fund with more than $1 billion of assets, or who have been a CEO or other senior officer at a Fortune 500 company,” Lamont said.<blockquote>“拉蒙特说：”有趣的是，他们发现'高质量赞助商'的结果要好得多，他们将'高质量赞助商'定义为与资产超过 10 亿美元的私人资产基金有关联的个人，或曾担任财富 500 强公司的首席执行官或其他高级官员。</blockquote>One indicator of waning enthusiasm for SPACs recently months is that 90% of the SPACs that listed in the U.S. in the first eight months of 2021 were trading below their IPO price by the end of the third quarter.<blockquote>近几个月来对 SPAC 热情减弱的一个指标是，2021 年前 8 个月在美国上市的 SPAC 中，90% 的交易价格在第三季度末低于其 IPO 价格。</blockquote>Here are the top five SPACs that are venture-backed and completed mergers with target companies, according to Dec. 22 data from Crunchbase.<blockquote>根据 Crunchbase 12 月 22 日的数据，以下是风险投资支持并与目标公司完成合并的五大 SPAC。</blockquote>1. SoFi<blockquote>1. 苏菲</blockquote>SPAC proceeds: $2.4 billion <blockquote>SPAC收益：24亿美元</blockquote>SPAC valuation: $8.65 billion<blockquote>SPAC估值：86.5亿美元</blockquote>SoFi (SOFI) is a fintech company that offers investing and loans, including home and student loans. The company went public after it merged with one of Chamath Palihapitiya’s SPACs.<blockquote>苏菲（索菲）是一家提供投资和贷款（包括住房贷款和学生贷款）的金融科技公司。该公司在与 Chamath Palihapitiya 的一家 SPAC 合并后上市。</blockquote>2. Clover Health<blockquote>2. 三叶草健康</blockquote>SPAC proceeds: Up to $1.2 billion <blockquote>SPAC 收益：高达 12 亿美元</blockquote>SPAC valuation: $7 billion, according to the Silicon Valley Business Journal<blockquote>据《硅谷商业杂志》报道，特殊目的收购公司估值：70亿美元</blockquote>Clover Health (CLOV) is a health insurance company for seniors that was the first VC-backed company to go public via a SPAC. The startup was acquired by Social Capital Hedosophia V, Chamath Palihapitiya’s SPAC.<blockquote>三叶草健康（克洛夫）是一家老年人健康保险公司，是第一家通过 SPAC 上市的风险投资支持公司。这家初创公司被 Chamath Palihapitiya 的 SPAC Social Capital Hedosophia V 收购。</blockquote>3. BarkBox<blockquote>3.树皮箱</blockquote>SPAC proceeds: $454 million <blockquote>SPAC 收益：4.54 亿美元</blockquote>SPAC valuation: $1.6 billion<blockquote>SPAC估值：16亿美元</blockquote>Barkbox (BARK), the subscription e-commerce company that offers toys and other products for dogs merged with Northern Star Acquisition Group.<blockquote>树皮箱（吠），为狗狗提供玩具和其他产品的订阅电子商务公司与北极星收购集团合并。</blockquote>4. Hims and Hers Health<blockquote>4. 他和她的健康</blockquote><li>SPAC proceeds: $280 million</li><li>SPAC valuation: $1.6 billion, according to Forbes</li><li></li>Hims and Hers Health (HIMS)  offers both health products for women and men and merged with SPAC company Oaktree Acquisitions Corp. The deal was among the first major VC-backed SPAC mergers to be completed in 2021, Crunchbase reported.<blockquote><li>SPAC收益：2.8亿美元</li><li>据《福布斯》报道，SPAC 估值：16 亿美元</li><li></li>他和她的健康（希姆斯）为女性和男性提供保健品，并与特殊目的收购公司 Oaktree Acquisitions Corp. 合并。据 Crunchbase 报道，该交易是 2021 年完成的首批由风险投资支持的大型 SPAC 合并之一。</blockquote>5. Billtrust<blockquote>5. 比尔信托</blockquote>SPAC valuation: $1.3 billion<blockquote>SPAC估值：13亿美元</blockquote>Billtrust, (BTRS) a payment-cycle management platform, merged with South Mountain Merger Corp.<blockquote>比尔信托，（BTRS) 一个支付周期管理平台，与 South Mountain Merger Corp. 合并。</blockquote></body></html><blockquote></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.thestreet.com/markets/ipos/top-5-spacs-of-2021?puc=yahoo&cm_ven=YAHOO\">TheStreet</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc.","BTRS":"BTRS Holdings Inc.","HIMS":"Hims & Hers Health Inc.","CLOV":"Clover Health Corp","BARK":"The Original Bark Corp."},"source_url":"https://www.thestreet.com/markets/ipos/top-5-spacs-of-2021?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149905027","content_text":"Many private companies went public in 2021, reaping the benefit of investors who sought to allocate their money into the public market, including ones that chose the SPAC route instead of the standard IPO strategy.Special Purpose Acquisition Companies, or SPACs, were the preferred route for hundreds of companies. Even by March 31 there were 378 IPOs in the U.S., which is more than any entire calendar year between 2003 and 2019, said Duncan Lamont, head of strategic research unit at Schroders, a London-based asset manager.The $139 billion that was raised by the end of March was over two and a half times the yearly average over this period and consisted of 79% of the year’s IPOs by number and 69% by value were SPACs, he said.While the mania to go public via a SPAC later died down, on a year-to-date basis these figures are still 63% and 49%, Lamont said.In 2020 there were 248 SPAC IPOs, but a record-breaking 602 were filed in 2021.“2021 has obliterated that record,” he said. “The amount of money raised this year so far has also overtaken last year’s record total. The $160 billion of SPAC IPOs in 2021 is more than the total that was raised across 2003-20 combined.”Going public has its benefits, but companies have sought to circumvent some of the perceived drawbacks of the IPO process by choosing SPACs, Lamont said.“They give the potential for private companies to sell themselves for a higher price than in a traditional IPO, can give more certainty on pricing, can be faster (5-6 months vs 12-24 months for a traditional IPO) and can be less burdensome and hence less costly from a regulatory perspective,” he said.In hisYear in Review columnReal Money’s James \"Rev Shark\" DePorre says the broader market had a very tough go of it in 2021, but you wouldn't know it unless you do some digging.From Reddit and Diamond Hands to SPACs and a stealth bear market, it's been a wild ride. Get more of his insights and trading strategies on Real Money.Since a merger with a SPAC can be negotiated at a fair value, some companies opt to avoid the IPO “pop” where they are priced to “encourage a jump in the share price on the first day of trading,” Lamont said.Another benefit of going public via a SPAC is that private companies can use forward looking statements when marketing themselves to a SPAC, “something which is particularly appealing for fast growing companies,” he said.A traditional IPO prospectus is only allowed to report historical financials. Instead, SPAC mergers have a legal “safe harbor” from any such liability, Lamont said.While going public as a SPAC appears to be a way to raise capital for a company easily, some investors have lost interest already. Many companies wind up losing valuation quickly.A 2020 academic paper written by Michael Klausner, a Stanford Law professor and Michael Ohlrogge, a NYU School of Law professor, showed that most underperform the wider market after a deal is struck.“Interestingly, they find that results are far better for ‘high quality sponsors,’ which they define to be individuals who are affiliated with a private assets fund with more than $1 billion of assets, or who have been a CEO or other senior officer at a Fortune 500 company,” Lamont said.One indicator of waning enthusiasm for SPACs recently months is that 90% of the SPACs that listed in the U.S. in the first eight months of 2021 were trading below their IPO price by the end of the third quarter.Here are the top five SPACs that are venture-backed and completed mergers with target companies, according to Dec. 22 data from Crunchbase.1. SoFiSPAC proceeds: $2.4 billion SPAC valuation: $8.65 billionSoFi (SOFI) is a fintech company that offers investing and loans, including home and student loans. The company went public after it merged with one of Chamath Palihapitiya’s SPACs.2. Clover HealthSPAC proceeds: Up to $1.2 billion SPAC valuation: $7 billion, according to the Silicon Valley Business JournalClover Health (CLOV) is a health insurance company for seniors that was the first VC-backed company to go public via a SPAC. The startup was acquired by Social Capital Hedosophia V, Chamath Palihapitiya’s SPAC.3. BarkBoxSPAC proceeds: $454 million SPAC valuation: $1.6 billionBarkbox (BARK), the subscription e-commerce company that offers toys and other products for dogs merged with Northern Star Acquisition Group.4. Hims and Hers HealthSPAC proceeds: $280 millionSPAC valuation: $1.6 billion, according to ForbesHims and Hers Health (HIMS)  offers both health products for women and men and merged with SPAC company Oaktree Acquisitions Corp. The deal was among the first major VC-backed SPAC mergers to be completed in 2021, Crunchbase reported.5. BilltrustSPAC valuation: $1.3 billionBilltrust, (BTRS) a payment-cycle management platform, merged with South Mountain Merger Corp.","news_type":1,"symbols_score_info":{"HIMS":0.9,"CLOV":0.9,"BTRS":0.9,"SOFI":0.9,"BARK":0.9}},"isVote":1,"tweetType":1,"viewCount":4191,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/692870723"}