Over $83 billion was raised last year through initial public offerings (IPOs) sponsored by special purpose acquisition companies. In the first half of this year, 361 SPAC-facilitated initial public offerings (IPOs) raised more than $111 billion. Startups like the SPAC technique of going public because it has various advantages over a typical market listing. SPACs, on the other hand, have been losing traction in recent weeks due to inflation fears and warnings to retail investors about investing in celebrity-endorsed shell companies. Over the last few months, SPACs have changed the IPO landscape. In the first quarter of 2021, hedge fund Greenlight Capital purchased holdings in dozens of SPACs. According to Forbes.com, some of these IPOs have also resulted in the creation of new billionaires.
Here is Insider Monkey’s list of the 10 best SPACs to buy according to David Einhorn’s Greenlight Capital. David Einhorn’s Greenlight Capital has placed ACE Convergence Acquisition Corp. as the ninth best SPAC to purchase. In July 2020, the firm went public, raising more than $230 million in the initial offering. Forest Road Acquisition Corp. is ranked ninth among the top ten SPACs to invest in. In November 2020, the firm went public, raising $300 million from the first public offering. Forest Road is worth more than $450 million on the stock market. David Einhorn’s Greenlight Capital has Sports Entertainment Acquisition Corp. ranked eighth on the list of the top ten SPACs to buy. In October 2020, the firm went public, raising more than $450 million in the initial offering. Property Solutions Acquisition Corp. ranks seventh among the top ten SPACs to invest in. The company focuses on mergers and acquisitions with companies in the real estate services and property technology industries. It is worth more than $450 million on the stock market. David Einhorn’s Greenlight Capital has ranked Altimeter Growth Corp. sixth among the top ten SPACs to purchase. In October 2020, the firm went public, raising more than $500 million in the first public offering. For more details, click 10 Best SPACs to Buy According to David Einhorn’s Greenlight Capital.
