What Is a SPAC? Your Questions Answered About SPACs

Most companies that have passed through IPOs have commercial operations, i.e., they provide some forms of products and/or services. Think about Apple, Facebook, Amazon – these are all public companies that were initially private but at some point went public. The shares of public companies are traded on special venues called stock exchanges, e.g., the New York Stock Exchange (NYSE), or over-the-counter (OTC) stock markets, which represent networks of stock dealers.

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