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nshen88
2021-03-09
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SPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years
nshen88
2021-03-09
Ohno
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nshen88
2021-03-09
Test test test
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Now, they are finally cashing in.</p>\n<p>Investment banker David Nussbaum and lawyer David Miller—known to each other as “Nuss” and “Miller”—invented the special-purpose acquisition company in 1993 to give private firms another way to access everyday investors. SPACs were rarely used and obscure for much of their careers,but are now all the rage—attracting the biggest names in finance,technology and entertainment. Messrs. Nussbaum and Miller have never been busier.</p>\n<p>“It’s taken me 27 years to become an overnight sensation,” said Mr. Nussbaum, a 66-year-old from Roslyn, N.Y., on Long Island, who co-founded the SPAC-focused investment bank EarlyBirdCapital Inc.</p>\n<p>Also called blank-check companies, SPACs are shell firms that list on a stock exchange with the sole purpose of combining with a private company to take it public. They have become a popular way for startups to access individual investors and a cash cow for the wealthy individuals who create them. SPAC founders now include everyone from hedge-fund manager William Ackman to former baseball player Alex Rodriguez.</p>\n<p>SPACs have raised more than $70 billion this year and now account for roughly 70% of all initial public offerings, up from 20% two years ago and a negligible total for much of the past 20 years, according to Dealogic.</p>\n<p></p>","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>SPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nSPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-09 19:56 GMT+8 <a href=https://www.wsj.com/articles/they-created-the-spac-in-1993-now-theyre-reaping-the-rewards-11615285801?mod=hp_lead_pos4><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Blank-check companies have raised more than $70 billion this year; their co-creator once feared the SPAC wouldn’t make it\nThe flashiest trend in finance traces back three decades to a pair of old law-...</p>\n\n<a href=\"https://www.wsj.com/articles/they-created-the-spac-in-1993-now-theyre-reaping-the-rewards-11615285801?mod=hp_lead_pos4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/they-created-the-spac-in-1993-now-theyre-reaping-the-rewards-11615285801?mod=hp_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123577039","content_text":"Blank-check companies have raised more than $70 billion this year; their co-creator once feared the SPAC wouldn’t make it\nThe flashiest trend in finance traces back three decades to a pair of old law-school buddies. Now, they are finally cashing in.\nInvestment banker David Nussbaum and lawyer David Miller—known to each other as “Nuss” and “Miller”—invented the special-purpose acquisition company in 1993 to give private firms another way to access everyday investors. SPACs were rarely used and obscure for much of their careers,but are now all the rage—attracting the biggest names in finance,technology and entertainment. Messrs. Nussbaum and Miller have never been busier.\n“It’s taken me 27 years to become an overnight sensation,” said Mr. Nussbaum, a 66-year-old from Roslyn, N.Y., on Long Island, who co-founded the SPAC-focused investment bank EarlyBirdCapital Inc.\nAlso called blank-check companies, SPACs are shell firms that list on a stock exchange with the sole purpose of combining with a private company to take it public. They have become a popular way for startups to access individual investors and a cash cow for the wealthy individuals who create them. SPAC founders now include everyone from hedge-fund manager William Ackman to former baseball player Alex Rodriguez.\nSPACs have raised more than $70 billion this year and now account for roughly 70% of all initial public offerings, up from 20% two years ago and a negligible total for much of the past 20 years, according to Dealogic.","news_type":1},"isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329521948,"gmtCreate":1615260337684,"gmtModify":1704780259855,"author":{"id":"3560365048922488","authorId":"3560365048922488","name":"nshen88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560365048922488","authorIdStr":"3560365048922488"},"themes":[],"htmlText":"Ohno","listText":"Ohno","text":"Ohno","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329521948","repostId":"1191525858","repostType":2,"repost":{"id":"1191525858","pubTimestamp":1615257997,"share":"https://ttm.financial/m/news/1191525858?lang=&edition=fundamental","pubTime":"2021-03-09 10:46","market":"us","language":"en","title":"Cohen In Control: GameStop Rises As Retailer Seeks E-Commerce Transformation","url":"https://stock-news.laohu8.com/highlight/detail?id=1191525858","media":"Benzinga","summary":"GameStop Corp.GME 41.46%shares, which have seenextreme volatilitysince the start of the year, are hi","content":"<p><b>GameStop Corp.</b>GME 41.46%shares, which have seenextreme volatilitysince the start of the year, are higher Monday after the video game retailer issued a corporate governance update.</p>\n<p><b>What Happened:</b>GameStop said its board has constituted a strategic planning and capital allocation committee to zero in on initiatives to aid its business transformation. The committee to be chaired by<b>Chewy, Inc.</b>CHWY 8.03%founder Ryan Cohen will include Alan Attal, a former Chewy executive, and Kurt Wolf as members.</p>\n<p>Since its institution, the committee has appointed a chief technology officer, hired two executives to lead the company's customer care and e-commerce fulfillment functions and appointed Attal as chair of the board's nominating and corporate governance committee, and Wolf as chair of the board's compensation committee, GameStop said.</p>\n<p>Additionally, the committee announced a CFO succession plan and has commenced a search for a new CFO with relevant technology and/or e-commerce experience.</p>\n<p>GameStop also said the committee will focus on transforming the company into a technology business. It will also evaluate the current operational objectives, capital structure and allocation priorities, digital capabilities, organizational footprint, and personnel.</p>\n<p><b>Why It's Important:</b>Cohen, through his RC Ventures, owns about a 13% stake in GameStop. The activist investor began pushing for changes at GameStop after his venture started accumulating shares in GameStop late last year.</p>\n<p>He joined the company's board in January and has ever since increased the pressure on management to work on cost cuts, improve product and service offerings and transform away from a brick-and-mortar business model to e-commerce.</p>\n<p>GameStop shares, which skyrocketed to a high of $483 in late January following the r/WallStreetBets-induced short squeeze, pulled back significantly from the level, dropping to a low of $40.59 on Feb. 18.</p>\n<p>The stock resumed the uptrend in late February, as retail investors piled back into the stock with renewed vigor.</p>\n<p>In premarket trading Monday, GameStop shares were rallying 10.35% to $152.</p>","source":"lsy1606299360108","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>Cohen In Control: GameStop Rises As Retailer Seeks E-Commerce Transformation</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nCohen In Control: GameStop Rises As Retailer Seeks E-Commerce Transformation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-09 10:46 GMT+8 <a href=https://www.benzinga.com/news/21/03/20053951/cohen-in-control-gamestop-rises-as-retailer-seeks-e-commerce-transformation><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop Corp.GME 41.46%shares, which have seenextreme volatilitysince the start of the year, are higher Monday after the video game retailer issued a corporate governance update.\nWhat Happened:...</p>\n\n<a href=\"https://www.benzinga.com/news/21/03/20053951/cohen-in-control-gamestop-rises-as-retailer-seeks-e-commerce-transformation\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.benzinga.com/news/21/03/20053951/cohen-in-control-gamestop-rises-as-retailer-seeks-e-commerce-transformation","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191525858","content_text":"GameStop Corp.GME 41.46%shares, which have seenextreme volatilitysince the start of the year, are higher Monday after the video game retailer issued a corporate governance update.\nWhat Happened:GameStop said its board has constituted a strategic planning and capital allocation committee to zero in on initiatives to aid its business transformation. The committee to be chaired byChewy, Inc.CHWY 8.03%founder Ryan Cohen will include Alan Attal, a former Chewy executive, and Kurt Wolf as members.\nSince its institution, the committee has appointed a chief technology officer, hired two executives to lead the company's customer care and e-commerce fulfillment functions and appointed Attal as chair of the board's nominating and corporate governance committee, and Wolf as chair of the board's compensation committee, GameStop said.\nAdditionally, the committee announced a CFO succession plan and has commenced a search for a new CFO with relevant technology and/or e-commerce experience.\nGameStop also said the committee will focus on transforming the company into a technology business. It will also evaluate the current operational objectives, capital structure and allocation priorities, digital capabilities, organizational footprint, and personnel.\nWhy It's Important:Cohen, through his RC Ventures, owns about a 13% stake in GameStop. The activist investor began pushing for changes at GameStop after his venture started accumulating shares in GameStop late last year.\nHe joined the company's board in January and has ever since increased the pressure on management to work on cost cuts, improve product and service offerings and transform away from a brick-and-mortar business model to e-commerce.\nGameStop shares, which skyrocketed to a high of $483 in late January following the r/WallStreetBets-induced short squeeze, pulled back significantly from the level, dropping to a low of $40.59 on Feb. 18.\nThe stock resumed the uptrend in late February, as retail investors piled back into the stock with renewed vigor.\nIn premarket trading Monday, GameStop shares were rallying 10.35% to $152.","news_type":1},"isVote":1,"tweetType":1,"viewCount":212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329523461,"gmtCreate":1615260282953,"gmtModify":1704780259371,"author":{"id":"3560365048922488","authorId":"3560365048922488","name":"nshen88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560365048922488","authorIdStr":"3560365048922488"},"themes":[],"htmlText":"Test test test","listText":"Test test test","text":"Test test test","images":[{"img":"https://static.tigerbbs.com/e98f0e55e613f3cd0ceeed260fb95d17","width":"750","height":"1324"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329523461","isVote":1,"tweetType":1,"viewCount":192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":323999930,"gmtCreate":1615296057020,"gmtModify":1704780737040,"author":{"id":"3560365048922488","authorId":"3560365048922488","name":"nshen88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560365048922488","authorIdStr":"3560365048922488"},"themes":[],"htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323999930","repostId":"1123577039","repostType":4,"repost":{"id":"1123577039","pubTimestamp":1615290997,"share":"https://ttm.financial/m/news/1123577039?lang=&edition=fundamental","pubTime":"2021-03-09 19:56","market":"us","language":"en","title":"SPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1123577039","media":"The Wall Street Journal","summary":"Blank-check companies have raised more than $70 billion this year; their co-creator once feared the ","content":"<p>Blank-check companies have raised more than $70 billion this year; their co-creator once feared the SPAC wouldn’t make it</p>\n<p>The flashiest trend in finance traces back three decades to a pair of old law-school buddies. Now, they are finally cashing in.</p>\n<p>Investment banker David Nussbaum and lawyer David Miller—known to each other as “Nuss” and “Miller”—invented the special-purpose acquisition company in 1993 to give private firms another way to access everyday investors. SPACs were rarely used and obscure for much of their careers,but are now all the rage—attracting the biggest names in finance,technology and entertainment. Messrs. Nussbaum and Miller have never been busier.</p>\n<p>“It’s taken me 27 years to become an overnight sensation,” said Mr. Nussbaum, a 66-year-old from Roslyn, N.Y., on Long Island, who co-founded the SPAC-focused investment bank EarlyBirdCapital Inc.</p>\n<p>Also called blank-check companies, SPACs are shell firms that list on a stock exchange with the sole purpose of combining with a private company to take it public. They have become a popular way for startups to access individual investors and a cash cow for the wealthy individuals who create them. SPAC founders now include everyone from hedge-fund manager William Ackman to former baseball player Alex Rodriguez.</p>\n<p>SPACs have raised more than $70 billion this year and now account for roughly 70% of all initial public offerings, up from 20% two years ago and a negligible total for much of the past 20 years, according to Dealogic.</p>\n<p></p>","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>SPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nSPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-09 19:56 GMT+8 <a href=https://www.wsj.com/articles/they-created-the-spac-in-1993-now-theyre-reaping-the-rewards-11615285801?mod=hp_lead_pos4><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Blank-check companies have raised more than $70 billion this year; their co-creator once feared the SPAC wouldn’t make it\nThe flashiest trend in finance traces back three decades to a pair of old law-...</p>\n\n<a href=\"https://www.wsj.com/articles/they-created-the-spac-in-1993-now-theyre-reaping-the-rewards-11615285801?mod=hp_lead_pos4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/they-created-the-spac-in-1993-now-theyre-reaping-the-rewards-11615285801?mod=hp_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123577039","content_text":"Blank-check companies have raised more than $70 billion this year; their co-creator once feared the SPAC wouldn’t make it\nThe flashiest trend in finance traces back three decades to a pair of old law-school buddies. Now, they are finally cashing in.\nInvestment banker David Nussbaum and lawyer David Miller—known to each other as “Nuss” and “Miller”—invented the special-purpose acquisition company in 1993 to give private firms another way to access everyday investors. SPACs were rarely used and obscure for much of their careers,but are now all the rage—attracting the biggest names in finance,technology and entertainment. Messrs. Nussbaum and Miller have never been busier.\n“It’s taken me 27 years to become an overnight sensation,” said Mr. Nussbaum, a 66-year-old from Roslyn, N.Y., on Long Island, who co-founded the SPAC-focused investment bank EarlyBirdCapital Inc.\nAlso called blank-check companies, SPACs are shell firms that list on a stock exchange with the sole purpose of combining with a private company to take it public. They have become a popular way for startups to access individual investors and a cash cow for the wealthy individuals who create them. SPAC founders now include everyone from hedge-fund manager William Ackman to former baseball player Alex Rodriguez.\nSPACs have raised more than $70 billion this year and now account for roughly 70% of all initial public offerings, up from 20% two years ago and a negligible total for much of the past 20 years, according to Dealogic.","news_type":1},"isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329521948,"gmtCreate":1615260337684,"gmtModify":1704780259855,"author":{"id":"3560365048922488","authorId":"3560365048922488","name":"nshen88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560365048922488","authorIdStr":"3560365048922488"},"themes":[],"htmlText":"Ohno","listText":"Ohno","text":"Ohno","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329521948","repostId":"1191525858","repostType":2,"isVote":1,"tweetType":1,"viewCount":212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329523461,"gmtCreate":1615260282953,"gmtModify":1704780259371,"author":{"id":"3560365048922488","authorId":"3560365048922488","name":"nshen88","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560365048922488","authorIdStr":"3560365048922488"},"themes":[],"htmlText":"Test test test","listText":"Test test test","text":"Test test test","images":[{"img":"https://static.tigerbbs.com/e98f0e55e613f3cd0ceeed260fb95d17","width":"750","height":"1324"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329523461","isVote":1,"tweetType":1,"viewCount":192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}
