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moon88
2021-07-13
Zan
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moon88
2021-06-23
?
The daily fresh pricing range is 13-16 US dollars/ADS, and old shareholders continue to increase their weight
moon88
2021-06-19
Good
The Biden administration completes 300 million doses of vaccination, and the goal of 70% adult vaccination meets the challenge
moon88
2021-06-19
Lihai
SPAC, a blind box game of wealth where the whole world crosses the river by feeling the stones
Go to Tiger App to see more news
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","text":"Zan","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/142049290","repostId":"2150673539","repostType":4,"isVote":1,"tweetType":1,"viewCount":2635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129563302,"gmtCreate":1624377861806,"gmtModify":1703835030731,"author":{"id":"3584652354468235","authorId":"3584652354468235","name":"moon88","avatar":"https://static.tigerbbs.com/1fd191b51024ac1ae2bdcf80d743ab78","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584652354468235","idStr":"3584652354468235"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129563302","repostId":"1142464181","repostType":4,"repost":{"id":"1142464181","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624372497,"share":"https://ttm.financial/m/news/1142464181?lang=en_US&edition=fundamental","pubTime":"2021-06-22 22:34","market":"us","language":"zh","title":"The daily fresh pricing range is 13-16 US dollars/ADS, and old shareholders continue to increase their weight","url":"https://stock-news.laohu8.com/highlight/detail?id=1142464181","media":"老虎资讯综合","summary":"北京时间6月22日晚间消息,每日优鲜更新F-1招股书,计划公开发行2100万股美国存托股票(ADS),定价区间为13-16美元/ADS。\n现有股东中金、腾讯、美国长线基金Davis等将持续加码,购买至","content":"<p>News on the evening of June 22, Beijing time,<a href=\"https://laohu8.com/S/MF\">Daily excellent fresh</a>Update the F-1 prospectus and plan to publicly issue 21 million American depositary shares (ADS) with a pricing range of US $13-16/ADS.</p><p>Existing shareholders CICC,<a href=\"https://laohu8.com/S/00700\">Tencent</a>, U.S. long-term fund Davis, etc. will continue to increase their weight and buy ADSs worth up to 90 million US dollars.</p><p>According to the prospectus, the net revenue of Daily Youxian from 2018 to 2020 is approximately 3.5467 billion yuan, 6.0014 billion yuan, and 6.1304 billion yuan respectively. For the three months ended March 31, 2020, Daily Youxian's net revenue was 1.6898 billion yuan, and for the three months ended March 31, 2021, the net revenue was 1.5302 billion yuan.</p><p>The prospectus also shows that Daily Youxian's gross profit was 304 million yuan in 2018, an increase of 71.3% to 520.9 million yuan in 2019, and an increase of 128.5% in 2020 to 1.1904 billion yuan. For the three months ended March 31, 2020, the gross profit of Daily Youxian was 510.8 million yuan, compared with 189 million yuan in the same period in 2021.</p><p>From 2018 to 2020, the daily net losses of Youxian were 2.2316 billion yuan, 2.9094 billion yuan, and 1.6492 billion yuan respectively. For the quarter ended March 31, 2020, the daily net loss of Youxian was 194.7 million yuan, and the loss in the same period in 2021 was 610.3 million yuan. In 2018, 2019 and 2020, the adjusted net losses (non-GAAP standards) of Daily Youxian were 2.2159 billion yuan, 2.777 billion yuan, and 1.5897 billion yuan, respectively. For the quarter ended March 31, 2020, the adjusted net loss of Daily Youxian was 175.8 million yuan, and the loss in the same period in 2021 was 598.4 million yuan.</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>The daily fresh pricing range is 13-16 US dollars/ADS, and old shareholders continue to increase their weight</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\">\nThe daily fresh pricing range is 13-16 US dollars/ADS, and old shareholders continue to increase their weight\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-22 22:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>News on the evening of June 22, Beijing time,<a href=\"https://laohu8.com/S/MF\">Daily excellent fresh</a>Update the F-1 prospectus and plan to publicly issue 21 million American depositary shares (ADS) with a pricing range of US $13-16/ADS.</p><p>Existing shareholders CICC,<a href=\"https://laohu8.com/S/00700\">Tencent</a>, U.S. long-term fund Davis, etc. will continue to increase their weight and buy ADSs worth up to 90 million US dollars.</p><p>According to the prospectus, the net revenue of Daily Youxian from 2018 to 2020 is approximately 3.5467 billion yuan, 6.0014 billion yuan, and 6.1304 billion yuan respectively. For the three months ended March 31, 2020, Daily Youxian's net revenue was 1.6898 billion yuan, and for the three months ended March 31, 2021, the net revenue was 1.5302 billion yuan.</p><p>The prospectus also shows that Daily Youxian's gross profit was 304 million yuan in 2018, an increase of 71.3% to 520.9 million yuan in 2019, and an increase of 128.5% in 2020 to 1.1904 billion yuan. For the three months ended March 31, 2020, the gross profit of Daily Youxian was 510.8 million yuan, compared with 189 million yuan in the same period in 2021.</p><p>From 2018 to 2020, the daily net losses of Youxian were 2.2316 billion yuan, 2.9094 billion yuan, and 1.6492 billion yuan respectively. For the quarter ended March 31, 2020, the daily net loss of Youxian was 194.7 million yuan, and the loss in the same period in 2021 was 610.3 million yuan. In 2018, 2019 and 2020, the adjusted net losses (non-GAAP standards) of Daily Youxian were 2.2159 billion yuan, 2.777 billion yuan, and 1.5897 billion yuan, respectively. For the quarter ended March 31, 2020, the adjusted net loss of Daily Youxian was 175.8 million yuan, and the loss in the same period in 2021 was 598.4 million yuan.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1bc6d948584260429c150c1dd44a898f","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142464181","content_text":"北京时间6月22日晚间消息,每日优鲜更新F-1招股书,计划公开发行2100万股美国存托股票(ADS),定价区间为13-16美元/ADS。\n现有股东中金、腾讯、美国长线基金Davis等将持续加码,购买至多价值9000万美元的ADS。\n招股书显示,每日优鲜2018年-2020年的净营收分别约为35.467亿元, 60.014亿元,61.304亿元。截止2020年3月31日的三个月,每日优鲜的净营收为16.898亿元,截止2021年3月31日的三个月,净营收为15.302亿元。\n招股书还显示,每日优鲜的毛利润在2018年为3.04亿元,2019年增长71.3%了至5.209亿元,2020年再增长128.5%,达到11.904亿元。截止2020年3月31日的三个月,每日优鲜的毛利为5.108亿元,2021年的同期为1.89亿元。\n2018年至2020年,每日优鲜净亏损分别为22.316亿元,29.094亿元、16.492亿元。截止2020年3月31日的一个季度,每日优鲜净亏损1.947亿元,2021年同期亏损6.103亿元。2018年、2019年和2020年,每日优鲜的调整后净亏损(非GAAP标准)分别为22.159亿元、27.77亿元、15.897亿元。截止2020年3月31日的一个季度,每日优鲜调整后净亏损为1.758亿元,2021年同期亏损5.984亿元。","news_type":1,"symbols_score_info":{"MF":0.9}},"isVote":1,"tweetType":1,"viewCount":2704,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165822999,"gmtCreate":1624118303411,"gmtModify":1703829050441,"author":{"id":"3584652354468235","authorId":"3584652354468235","name":"moon88","avatar":"https://static.tigerbbs.com/1fd191b51024ac1ae2bdcf80d743ab78","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584652354468235","idStr":"3584652354468235"},"themes":[],"htmlText":"Lihai ","listText":"Lihai ","text":"Lihai","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165822999","repostId":"2144154703","repostType":4,"repost":{"id":"2144154703","kind":"highlight","pubTimestamp":1624085563,"share":"https://ttm.financial/m/news/2144154703?lang=en_US&edition=fundamental","pubTime":"2021-06-19 14:52","market":"hk","language":"zh","title":"SPAC, a blind box game of wealth where the whole world crosses the river by feeling the stones","url":"https://stock-news.laohu8.com/highlight/detail?id=2144154703","media":"智通财经网","summary":"这段时间,SPAC的狂热已经引起市场警惕,美国监管层正在有意进行监管规则的调整。长期来看,相关政策调整、流动性大幅收紧等都将是SPAC未来发展的重大不确定性因素。","content":"<p>After the first quarter of popularity, in just 2 months, the fanatical SPAC has cooled down. In March 2021, after the number of SPAC IPOs climbed to a historical peak of 110, it fell to 13 in April and 19 in May.<img src=\"https://static.tigerbbs.com/bcc02404cd4816379f86b57e2674e2aa\" tg-width=\"1080\" tg-height=\"616\" referrerpolicy=\"no-referrer\">Number of SPAC IPOs in a single month in the last year, chart: Titanium Media</p><p>Hot money is fierce, which has made SPACs run wildly since 2020, and now the market is beginning to return to normal. Throughout 2020, a total of 248 SPAC companies were listed on the U.S. stock market, raising a total of more than 84 billion US dollars, exceeding the total IPO fundraising of SPACs in previous years. The market is still hot in the first quarter of 2021. The number of SPAC IPOs has reached 308, exceeding the total of last year, and the fundraising scale has reached US $99.6 billion, far exceeding traditional IPOs.</p><p>SPACs seem to have a tendency to subvert the traditional IPO market, but things must be reversed, and signs of the market peaking are beginning to emerge. During this period, the enthusiasm for SPACs has aroused market vigilance, and U.S. regulators are deliberately adjusting regulatory rules. In the long run, relevant policy adjustments and substantial tightening of liquidity will be major uncertainties in the future development of SPACs.</p><p>As an innovative financial tool, the voices of support and opposition to SPAC are equally high. In fact, all countries in the world, including the United States, are \"crossing the river by feeling the stones\". Generally speaking, they are in the process of exploration and improvement. Looking back on the past and present lives of SPACs, SPACs have been adapting to the development of the capital market by continuously optimizing systems and improving trading rules.</p><p>A cliff-like decline, the number of SPACIPOs in a single month increased from 110 to 14</p><p>In the past two months, the SEC (U.S. Securities and Exchange Commission) issued a new accounting guideline for SPACs (Special Purpose Acquisition Companies), which instantly calmed down the SPAC market. On April 12, the US SEC announced that the Warrants (Warrants) sold by SPACs should be classified as liabilities rather than equity.</p><p>Warrant is the right of public investors to exchange a common share at a fixed price in the future. From an accounting point of view, previously, such warrants were classified as \"equity\", and SPAC investors bought them at a specific price to obtain huge returns.</p><p>Since it is a liability, the sponsor needs to regularly calculate the value of the warrants, which obviously increases the burden of formalities for SPAC sponsors who pursue simplicity. This means that if the value of the warrants fluctuates greatly, the affected SPACs will have to restate their financial results. That is to say, if you have finished the financial report, initiated a reverse M&A application, and started the M&A process, then you may have to do the financial report again according to the new requirements.</p><p>The impact of this move on the market is like pouring cold water on the head. Statistics show that the number of newly established SPACs dropped sharply in April, from the historical peak of 110 in March to 13 in April, and only 19 in May. Many companies have suspended SPAC listing applications and begun to readjust accounting standards.</p><p>Since 2020, the SPAC market has been unprecedentedly hot, which has aroused the vigilance of overseas regulators. The SEC has repeatedly warned SPAC investors before. In early April, an SEC official said that there are \"some major but undiscovered problems\" in SPACs. question.</p><p>In March, the SEC warned investors that investing in SPACs should not be made just because of the stars among SPAC sponsors. Some market participants even called SPAC \"the crystallization of wisdom in this IPO era that is eager for quick success and instant benefit. It is a solution after hoarding a large number of unicorns in the era of large-scale releases in the past ten years, and it is also the king of this round of bubbles.\"</p><p>\"In the past, it was better to go through the IPO process to make money when listing, so it is better to directly send an account to leeks\", \"The essence of the capital pie game is to cut leeks\", \"Empty gloves and white wolves\", it has always been a blind box game of wealth for ordinary investors, and SPAC listed car companies have become the hardest hit area, and various doubts about SPAC, a new type of financial instrument, are widespread.</p><p>Wealth blind box game, SPAC-listed car companies have become the hardest hit areas</p><p>In addition to the blow to regulation, the cruel market is also becoming the alchemy stone of SPACs. Recently, a number of new energy car companies in the United States have been exposed to suspected fraud. Most of them went public in 2020 through the SPAC model, and then exploded one after another within about half a year.</p><p>On June 16, according to foreign media reports, LordstownMotors, an innovative energy vehicle company listed on the US stock market, announced that CEO Steve Burns and Chief Financial Officer Julio Rodriguez had resigned. In October 2020, Lordstown was listed on the Nasdaq Stock Exchange through a SPAC under the ticker symbol \"RIDE\".</p><p>On the first day of listing, Lordstown's stock price rose nearly 20%, but in March this year, short-selling agency HindenburgResearch accused Lordstown of using fake orders to raise funds for its Endurance electric pickup truck. The pickup will still be years away from reaching production, but Lordstown insists it will begin production of the model as planned in September.</p><p>Half a year seems to have become a life and death gate for SPAC listed companies. In March 2020, it was regarded by the industry as the \"truck industry\"<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>\"Nikola Corp. announced that it went public through a reverse merger with SPAC company VectorIQ Acquisition Corp. The deal brings NikolaCorp. 's company market capitalization to $3.3 billion and raises approximately $525 million in operating capital.</p><p>Only 6 months after its listing, Nikola Corp. exploded. In September 2020, Hindenburg Research released a report stating that Nikola Corp. was suspected of fraud in terms of products and technologies. Not only did the company not master the manufacturing technology of hydrogen fuel cells, but its semi-trailer trucks, battery technology, hydrogen production, Nikola One There are also dozens of false claims in many aspects such as even its billion-dollar orders. After the report was released, Trevor Milton, executive chairman of Nikola, announced his resignation.</p><p>The collective resignation of the company's top executives cannot save the falling stock price. Currently, Nikola Corp. 's stock price is hovering around US $15 per share, which has dropped by nearly 80% compared to the unprecedented peak of US $66 per share.<img src=\"https://static.tigerbbs.com/9ec57d3a166878fc396f28f04648875f\" tg-width=\"913\" tg-height=\"555\" referrerpolicy=\"no-referrer\">Nikola Corp. Stock price trend</p><p>For a long time, streamlined listing procedures and looser review standards have been the main reasons why the SPAC model is highly respected by the market. But this is also a double-edged sword. Due to the simple listing process and relatively loose supervision, the SPAC listing model relatively lacks the strict control of investment banks, thus burying greater risks, such as false capital injection of listing targets and business entities that do not conform to listing standards.</p><p>Potentially high returns are highly attractive to founders and public investors, but the password to the SPAC wealth blind box game is only in the hands of a small number of people.</p><p>\"The essence of SPAC is the realization of the founder's resources, so the setting of the equity structure of SPAC naturally gives the founder the investment leverage to obtain a higher proportion of equity at a lower cost.\" Sun Jinju's research team of Kaiyuan Securities said. The founder can set up a SPAC with only US $25,000. After conversion, the price of common shares does not exceed 2 cents per share. However, \"the target of SPAC acquisition is highly uncertain, and public investors are participating in blind box games with high potential yields, and the winning rate of the game depends on the SPAC founder.\"</p><p>Is the market about to peak? SPACs have been evolving for 30 years</p><p>As an innovative financial tool, in fact, all countries in the world, including the United States, are \"crossing the river by feeling the stones\". Generally speaking, they are in the process of exploration and improvement.</p><p>The past year has completely pushed SPACs to the forefront of global capital markets. In 2020 alone, a total of 248 SPACs went public, raising more than US $83 billion, accounting for half of the annual IPOs in the United States. In the first three months of this year, the number of SPAC listings and the amount of funds raised have exceeded the whole of last year. PE giants, business tycoons, and celebrities have set foot in SPAC one after another, allowing this SPAC to quickly \"get out of the circle\".<img src=\"https://static.tigerbbs.com/e3935d6372e6d7a6d74f92c250589da9\" tg-width=\"648\" tg-height=\"368\" referrerpolicy=\"no-referrer\">In order to grab high-quality companies, major exchanges around the world are also actively promoting and improving the SPAC mechanism.<a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>On March 31, a public consultation was launched on the introduction of the SPAC mechanism, and it is expected that the SPAC framework will be officially announced as soon as mid-2021. There are media reports,<a href=\"https://laohu8.com/S/00388\">HKEX</a>We are also considering formulating a SPAC framework suitable for the Hong Kong market, with the goal of welcoming the first batch of SPACs by the end of the year. It is reported that Hong Kong regulators are considering formulating stricter rules than those in the United States.</p><p>Under the strong admiration of the global market, the momentum of SPAC is out of control. Under the hot speculation, the market seems to be revealing signals of peaking. Co-founder of Marshall Wace, a hedge fund in charge of $55 billion in assets, in the UK<a href=\"https://laohu8.com/S/JRJC\">The financial world</a>Paul Marshall, the big name that no one knows, warns about the SPAC bubble. \"The SPAC phenomenon is going to end badly, and a lot of people will suffer,\" he said.</p><p>The two major investment leaders in the global financial market have even mercilessly criticized SPACs. \"Gambling with other people's money.\" At this year's shareholder meeting, Buffett defined the listing mechanism of SPAC in this way, while Munger directly said that it is a kind of \"easy money\" (ill-gotten wealth), and he doesn't like this kind of use. Something that deceives people to invest in cutting leeks.</p><p>But there is no shortage of supportive voices in the market. Regarding a series of repressive measures by U.S. regulators, a market observer named Steven Davidoff Solomon said<a href=\"https://laohu8.com/S/NYT\">The New York Times</a>The article stated that although some SPACs are too aggressive or go public prematurely, and even announce wrong and false business plans, it cannot be denied that SPACs have revived the IPO market of small companies and emerging growth companies in the past 20 years.</p><p>Since 1993, when GKN Securities of the United States introduced SPAC to the market for nearly 30 years, the trading rules and systems of SPAC have been constantly adjusted and improved. For example, the deal between Bill Ackman, another hedge fund tycoon who has attracted much attention recently, and Universal Music. According to media reports, Ackman's SPAC company Pershing Square Tontine Holding (PSTH) is negotiating with Universal Music for mergers and acquisitions. This may be the largest transaction under the SPAC frenzy, and the valuation of the merged new company will reach 40 billion dollars.</p><p>In this transaction, Ackman derived a new form of SPAC called SPARC (Special Purpose Acquisition Company), which solved some shortcomings in the current operation of SPACs, such as not occupying investor funds until the transaction is completed. This is considered to be the third generation evolution of SPACs.</p><p>In the long run, the Fed's rate hike policy is also a sharp sword hanging over the SPAC's head. Once the liquidity tightening, the secondary market tide withdraws, and naked swimmers will also surface. Although the U.S. Federal Reserve announced on June 16 that it would keep the target range of Federal Funds rate unchanged between 0-0.25%, which was in line with market expectations. But most Fed officials predict that a rate hike will come as early as 2023.</p>","source":"highlight_zhitongcaijin","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, a blind box game of wealth where the whole world crosses the river by feeling the stones</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\">\nSPAC, a blind box game of wealth where the whole world crosses the river by feeling the stones\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经网</strong><span class=\"h-time small\">2021-06-19 14:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After the first quarter of popularity, in just 2 months, the fanatical SPAC has cooled down. In March 2021, after the number of SPAC IPOs climbed to a historical peak of 110, it fell to 13 in April and 19 in May.<img src=\"https://static.tigerbbs.com/bcc02404cd4816379f86b57e2674e2aa\" tg-width=\"1080\" tg-height=\"616\" referrerpolicy=\"no-referrer\">Number of SPAC IPOs in a single month in the last year, chart: Titanium Media</p><p>Hot money is fierce, which has made SPACs run wildly since 2020, and now the market is beginning to return to normal. Throughout 2020, a total of 248 SPAC companies were listed on the U.S. stock market, raising a total of more than 84 billion US dollars, exceeding the total IPO fundraising of SPACs in previous years. The market is still hot in the first quarter of 2021. The number of SPAC IPOs has reached 308, exceeding the total of last year, and the fundraising scale has reached US $99.6 billion, far exceeding traditional IPOs.</p><p>SPACs seem to have a tendency to subvert the traditional IPO market, but things must be reversed, and signs of the market peaking are beginning to emerge. During this period, the enthusiasm for SPACs has aroused market vigilance, and U.S. regulators are deliberately adjusting regulatory rules. In the long run, relevant policy adjustments and substantial tightening of liquidity will be major uncertainties in the future development of SPACs.</p><p>As an innovative financial tool, the voices of support and opposition to SPAC are equally high. In fact, all countries in the world, including the United States, are \"crossing the river by feeling the stones\". Generally speaking, they are in the process of exploration and improvement. Looking back on the past and present lives of SPACs, SPACs have been adapting to the development of the capital market by continuously optimizing systems and improving trading rules.</p><p>A cliff-like decline, the number of SPACIPOs in a single month increased from 110 to 14</p><p>In the past two months, the SEC (U.S. Securities and Exchange Commission) issued a new accounting guideline for SPACs (Special Purpose Acquisition Companies), which instantly calmed down the SPAC market. On April 12, the US SEC announced that the Warrants (Warrants) sold by SPACs should be classified as liabilities rather than equity.</p><p>Warrant is the right of public investors to exchange a common share at a fixed price in the future. From an accounting point of view, previously, such warrants were classified as \"equity\", and SPAC investors bought them at a specific price to obtain huge returns.</p><p>Since it is a liability, the sponsor needs to regularly calculate the value of the warrants, which obviously increases the burden of formalities for SPAC sponsors who pursue simplicity. This means that if the value of the warrants fluctuates greatly, the affected SPACs will have to restate their financial results. That is to say, if you have finished the financial report, initiated a reverse M&A application, and started the M&A process, then you may have to do the financial report again according to the new requirements.</p><p>The impact of this move on the market is like pouring cold water on the head. Statistics show that the number of newly established SPACs dropped sharply in April, from the historical peak of 110 in March to 13 in April, and only 19 in May. Many companies have suspended SPAC listing applications and begun to readjust accounting standards.</p><p>Since 2020, the SPAC market has been unprecedentedly hot, which has aroused the vigilance of overseas regulators. The SEC has repeatedly warned SPAC investors before. In early April, an SEC official said that there are \"some major but undiscovered problems\" in SPACs. question.</p><p>In March, the SEC warned investors that investing in SPACs should not be made just because of the stars among SPAC sponsors. Some market participants even called SPAC \"the crystallization of wisdom in this IPO era that is eager for quick success and instant benefit. It is a solution after hoarding a large number of unicorns in the era of large-scale releases in the past ten years, and it is also the king of this round of bubbles.\"</p><p>\"In the past, it was better to go through the IPO process to make money when listing, so it is better to directly send an account to leeks\", \"The essence of the capital pie game is to cut leeks\", \"Empty gloves and white wolves\", it has always been a blind box game of wealth for ordinary investors, and SPAC listed car companies have become the hardest hit area, and various doubts about SPAC, a new type of financial instrument, are widespread.</p><p>Wealth blind box game, SPAC-listed car companies have become the hardest hit areas</p><p>In addition to the blow to regulation, the cruel market is also becoming the alchemy stone of SPACs. Recently, a number of new energy car companies in the United States have been exposed to suspected fraud. Most of them went public in 2020 through the SPAC model, and then exploded one after another within about half a year.</p><p>On June 16, according to foreign media reports, LordstownMotors, an innovative energy vehicle company listed on the US stock market, announced that CEO Steve Burns and Chief Financial Officer Julio Rodriguez had resigned. In October 2020, Lordstown was listed on the Nasdaq Stock Exchange through a SPAC under the ticker symbol \"RIDE\".</p><p>On the first day of listing, Lordstown's stock price rose nearly 20%, but in March this year, short-selling agency HindenburgResearch accused Lordstown of using fake orders to raise funds for its Endurance electric pickup truck. The pickup will still be years away from reaching production, but Lordstown insists it will begin production of the model as planned in September.</p><p>Half a year seems to have become a life and death gate for SPAC listed companies. In March 2020, it was regarded by the industry as the \"truck industry\"<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>\"Nikola Corp. announced that it went public through a reverse merger with SPAC company VectorIQ Acquisition Corp. The deal brings NikolaCorp. 's company market capitalization to $3.3 billion and raises approximately $525 million in operating capital.</p><p>Only 6 months after its listing, Nikola Corp. exploded. In September 2020, Hindenburg Research released a report stating that Nikola Corp. was suspected of fraud in terms of products and technologies. Not only did the company not master the manufacturing technology of hydrogen fuel cells, but its semi-trailer trucks, battery technology, hydrogen production, Nikola One There are also dozens of false claims in many aspects such as even its billion-dollar orders. After the report was released, Trevor Milton, executive chairman of Nikola, announced his resignation.</p><p>The collective resignation of the company's top executives cannot save the falling stock price. Currently, Nikola Corp. 's stock price is hovering around US $15 per share, which has dropped by nearly 80% compared to the unprecedented peak of US $66 per share.<img src=\"https://static.tigerbbs.com/9ec57d3a166878fc396f28f04648875f\" tg-width=\"913\" tg-height=\"555\" referrerpolicy=\"no-referrer\">Nikola Corp. Stock price trend</p><p>For a long time, streamlined listing procedures and looser review standards have been the main reasons why the SPAC model is highly respected by the market. But this is also a double-edged sword. Due to the simple listing process and relatively loose supervision, the SPAC listing model relatively lacks the strict control of investment banks, thus burying greater risks, such as false capital injection of listing targets and business entities that do not conform to listing standards.</p><p>Potentially high returns are highly attractive to founders and public investors, but the password to the SPAC wealth blind box game is only in the hands of a small number of people.</p><p>\"The essence of SPAC is the realization of the founder's resources, so the setting of the equity structure of SPAC naturally gives the founder the investment leverage to obtain a higher proportion of equity at a lower cost.\" Sun Jinju's research team of Kaiyuan Securities said. The founder can set up a SPAC with only US $25,000. After conversion, the price of common shares does not exceed 2 cents per share. However, \"the target of SPAC acquisition is highly uncertain, and public investors are participating in blind box games with high potential yields, and the winning rate of the game depends on the SPAC founder.\"</p><p>Is the market about to peak? SPACs have been evolving for 30 years</p><p>As an innovative financial tool, in fact, all countries in the world, including the United States, are \"crossing the river by feeling the stones\". Generally speaking, they are in the process of exploration and improvement.</p><p>The past year has completely pushed SPACs to the forefront of global capital markets. In 2020 alone, a total of 248 SPACs went public, raising more than US $83 billion, accounting for half of the annual IPOs in the United States. In the first three months of this year, the number of SPAC listings and the amount of funds raised have exceeded the whole of last year. PE giants, business tycoons, and celebrities have set foot in SPAC one after another, allowing this SPAC to quickly \"get out of the circle\".<img src=\"https://static.tigerbbs.com/e3935d6372e6d7a6d74f92c250589da9\" tg-width=\"648\" tg-height=\"368\" referrerpolicy=\"no-referrer\">In order to grab high-quality companies, major exchanges around the world are also actively promoting and improving the SPAC mechanism.<a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>On March 31, a public consultation was launched on the introduction of the SPAC mechanism, and it is expected that the SPAC framework will be officially announced as soon as mid-2021. There are media reports,<a href=\"https://laohu8.com/S/00388\">HKEX</a>We are also considering formulating a SPAC framework suitable for the Hong Kong market, with the goal of welcoming the first batch of SPACs by the end of the year. It is reported that Hong Kong regulators are considering formulating stricter rules than those in the United States.</p><p>Under the strong admiration of the global market, the momentum of SPAC is out of control. Under the hot speculation, the market seems to be revealing signals of peaking. Co-founder of Marshall Wace, a hedge fund in charge of $55 billion in assets, in the UK<a href=\"https://laohu8.com/S/JRJC\">The financial world</a>Paul Marshall, the big name that no one knows, warns about the SPAC bubble. \"The SPAC phenomenon is going to end badly, and a lot of people will suffer,\" he said.</p><p>The two major investment leaders in the global financial market have even mercilessly criticized SPACs. \"Gambling with other people's money.\" At this year's shareholder meeting, Buffett defined the listing mechanism of SPAC in this way, while Munger directly said that it is a kind of \"easy money\" (ill-gotten wealth), and he doesn't like this kind of use. Something that deceives people to invest in cutting leeks.</p><p>But there is no shortage of supportive voices in the market. Regarding a series of repressive measures by U.S. regulators, a market observer named Steven Davidoff Solomon said<a href=\"https://laohu8.com/S/NYT\">The New York Times</a>The article stated that although some SPACs are too aggressive or go public prematurely, and even announce wrong and false business plans, it cannot be denied that SPACs have revived the IPO market of small companies and emerging growth companies in the past 20 years.</p><p>Since 1993, when GKN Securities of the United States introduced SPAC to the market for nearly 30 years, the trading rules and systems of SPAC have been constantly adjusted and improved. For example, the deal between Bill Ackman, another hedge fund tycoon who has attracted much attention recently, and Universal Music. According to media reports, Ackman's SPAC company Pershing Square Tontine Holding (PSTH) is negotiating with Universal Music for mergers and acquisitions. This may be the largest transaction under the SPAC frenzy, and the valuation of the merged new company will reach 40 billion dollars.</p><p>In this transaction, Ackman derived a new form of SPAC called SPARC (Special Purpose Acquisition Company), which solved some shortcomings in the current operation of SPACs, such as not occupying investor funds until the transaction is completed. This is considered to be the third generation evolution of SPACs.</p><p>In the long run, the Fed's rate hike policy is also a sharp sword hanging over the SPAC's head. Once the liquidity tightening, the secondary market tide withdraws, and naked swimmers will also surface. Although the U.S. Federal Reserve announced on June 16 that it would keep the target range of Federal Funds rate unchanged between 0-0.25%, which was in line with market expectations. But most Fed officials predict that a rate hike will come as early as 2023.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"http://www.zhitongcaijing.com/content/detail/497190.html\">智通财经网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4d8b4ef5e124da060f276a5c2f3dd5af","relate_stocks":{"TQQQ":"纳指三倍做多ETF","QQQ":"纳指100ETF","QLD":"2倍做多纳斯达克100指数ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","SQQQ":"纳指三倍做空ETF"},"source_url":"http://www.zhitongcaijing.com/content/detail/497190.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2144154703","content_text":"经历了一季度的火爆,短短2个月,狂热的SPAC就凉了。2021年3月,SPAC IPO数量攀至110个的历史顶峰之后,4月瞬间悬崖式下跌至13个,5月为19个。最近一年单月SPAC IPO数量,制图:钛媒体\n热钱凶猛,让SPAC从2020年开始一路狂奔,如今市场开始恢复常态。2020年一整年,共有248家SPAC公司在美股上市,募资总额达到840多亿美元,超过SPAC往年的IPO募资总和。2021年一季度市场依旧火爆,SPAC IPO数已达308起,超越去年全年总和,募资规模达996亿美元,远超传统IPO。\nSPAC似有颠覆传统IPO市场的趋势,但物极必反,市场见顶的迹象初露端倪。这段时间,SPAC的狂热已经引起市场警惕,美国监管层正在有意进行监管规则的调整。长期来看,相关政策调整、流动性大幅收紧等都将是SPAC未来发展的重大不确定性因素。\n作为一个创新型的金融工具,对SPAC支持和反对的声音同样高涨。事实上,包括美国在内的世界各国都在“摸着石头过河”,总体上,都处于探索、完善的过程。回顾SPAC的前世今生,SPAC一直在通过不断优化制度、完善交易规则来适应资本市场的发展。\n断崖式下跌,单月SPACIPO数量从110到14\n最近两个月,SEC(美国证券交易委员会)发布的一则针对SPAC(特殊目的收购公司)的新会计指南,让SPAC市场瞬间恢复了冷静。4月12日,美国SEC宣布SPAC出售的认股权证(Warrants)应分类为负债而不是股权。\nWarrant是公众投资人将来可以按固定价格兑换一股普通股的权利。从会计的角度上看,此前,该类认股权证被归为“股本”,SPAC的投资者以特定的价格购买以此获得巨大收益。\n既是负债,发起人就需要定期核算认股权证的价值,这明显给追求简便的SPAC发起人增加了手续上的负担。这意味着,如果认股权证的价值波动较大,受影响的SPAC将必须要重述他们的财务业绩。也就是说,如果你已经做完了财报,发起了反向并购申请,开始走并购程序,那么你可能要按照新要求重新做一遍财报。\n此举对市场的影响犹如当头泼了一盆冷水。统计显示,4月新设立的SPAC数量发生骤减,从3月的历史峰值110个断崖式下跌至4月的13个,5月也仅有19个。很多公司暂停了SPAC上市申请,并开始就会计准则作出了重新调整。\n2020年以来,SPAC市场空前火爆,已经引发海外监管机构的警惕,此前SEC就已多次警示SPAC的投资者,4月初,SEC的一位官员表示,SPAC存在“一些重大但尚未发现的”问题。\n3月,SEC曾警告投资者,投资SPAC不应仅因为SPAC发起人中的明星而进行投资。有市场人士更是称SPAC是“这个急功近利的IPO时代的智慧结晶,是过去十年大放水时代里囤积出大量独角兽后的解决方案,更是这一轮的泡沫之王”。\n“以前上市圈钱还走一下IPO流程,不如直接给韭菜发帐号吧”、“资本画饼游戏实质还是割韭菜”、“空手套白狼”,一直以来普通投资人财富盲盒游戏,SPAC上市车企已成爆雷重灾区对SPAC这种新型的金融工具的各种质疑普遍存在。\n财富盲盒游戏,SPAC上市车企已成爆雷重灾区\n监管的当头一棒之外,残酷的市场也正成为SPAC的炼金石。近日,美国多家新能源车企被曝涉嫌造假,其中大部分车企都是通过SPAC模式在2020年实现上市,而后在半年左右的时间内相继爆雷。\n6月16日,据外媒消息,美股上市初创新能源车企LordstownMotors宣布,公司首席执行官史蒂夫伯恩斯和首席财务官胡里奥罗德里格斯已经辞职。2020年10月,Lordstown通过SPAC在纳斯达克证券交易所上市,股票代码为 \"RIDE\"。\n上市首日,Lordstown股价一度上涨近20%,但今年3月,做空机构HindenburgResearch指控Lordstown使用虚假订单为其Endurance电动皮卡筹集资金。该款皮卡仍需要数年才能投入生产,但Lordstown坚称将在9月按计划开始生产该车型。\n半年似乎成了SPAC上市公司的一个生死命门。2020年3月,被业内视为“卡车界特斯拉”的Nikola Corp.宣布通过与SPAC公司VectorIQ Acquisition Corp.反向并购上市。该交易使NikolaCorp.的公司市值达到33亿美元,并筹集约5.25亿美元的运营资金。\n上市仅6个月后,Nikola Corp.爆雷。2020年9月,Hindenburg Research发布报告称, Nikola Corp.公司在产品及技术方面涉嫌造假,不仅该公司并未掌握氢燃料电池的制造技术,其半挂式卡车、电池技术、氢气生产、Nikola One甚至其数十亿美元大订单等诸多方面也存在数十个虚假声明。报告发布后,Nikola执行董事长Trevor Milton宣布了辞职。\n公司高层集体辞职,也拯救不了一路下跌的股价。目前,Nikola Corp.股价在15美元/股上下徘徊,相比被做空前66美元/股的峰值股价已跌去近80%。Nikola Corp.股价走势\n一直以来,上市程序更精简,审查标准更宽松都是SPAC模式备受市场推崇的主要原因。但这也是一把双刃剑,由于上市流程简单、监管相对较松,SPAC上市模式相对缺乏投资银行的严格把关,因而埋藏了较大风险,比如上市标的虚假注资、业务主体不合上市规范等。\n潜在高额回报对创始人和公众投资者具有很强的吸引力,但SPAC财富盲盒游戏的密码只掌握在一小部分人手里。\n“SPAC的本质是创始人的资源变现,因此SPAC在股权结构的设置上天然赋予了创始人以较低成本获取较高比例股权的投资杠杆。”开源证券孙金钜研究团队表示。创始人仅需2.5万美元即可成立一个SPAC,折算下来,普通股每股价格不超过2美分。但“SPAC收购标的具有高度不确定性,公众投资者参与的是潜在收益率颇高的盲盒游戏,而游戏的胜率取决于SPAC创始人”。\n市场快见顶了?30年间SPAC一直在不断演变\n作为一个创新型的金融工具,事实上包括美国在内的世界各国都在“摸着石头过河”,总体上,都处于探索、完善的过程。\n过去的一年把SPAC彻底推上了全球资本市场的风口浪尖。单是2020年一年,共有248家SPAC上市,募资超830亿美元,占美国全年IPO的半壁江山。今年前三个月,SPAC的上市数量和募资金额已经超过去年全年。PE巨头、商界大佬及明星富豪等纷纷涉足SPAC,让这场SPAC快速“出圈”。为了抢夺优质公司,世界各大交易所也在积极推进和完善SPAC机制。新加坡交易所3月31日就引入SPAC机制向公众展开了咨询,预计最快在2021年年中正式公布SPAC框架。有媒体报道,香港交易所也正考虑制定适合香港市场的SPAC框架,目标是在年底迎来首批SPAC。据悉,香港监管机构考虑制定比美国更严格的规则。\n在全球市场的大力推崇之下,SPAC的势头一发不可收拾。热炒之下,市场似乎在透露出见顶的信号。掌管550亿美元资产的对冲基金Marshall Wace的共同创始人、在英国金融界无人不晓的大腕保罗·马歇尔(Paul Marshall)对SPAC泡沫发出警告。他说:“SPAC现象将以糟糕的结局收场,而且很多人会受害。”\n全球金融市场的两大投资泰斗更是毫不留情的批评SPAC。“用别人的钱来赌博。”在今年的股东大会上,巴菲特给SPAC这一上市机制下了如此定义,芒格则直接说这是一种“easy money\"(不义之财),他不喜欢这种用来骗人投资割韭菜的东西。\n但是市场上也不乏支持的声音。对于美国监管层的一系列压制措施,一位名叫Steven Davidoff Solomon的市场观察人士在纽约时报上撰文表示,虽然一些SPAC过于激进或者过早上市,甚至公布错误虚假的商业计划,但是,不能否认的一点是,过去20年SPAC让小公司和新兴成长公司的IPO市场复苏起来。\n自从1993年,美国GKN证券将SPAC推向市场近30年来,SPAC的交易规则制度一直在不断调整完善。比如近期备受关注的另外一位对冲基金大佬Bill Ackman与环球音乐的交易。有媒体报道称Ackman旗下SPAC公司Pershing Square Tontine Holding(PSTH)正在和环球音乐(Universal Music)进行并购方面的磋商,这可能是SPAC狂潮下的最大一笔交易,合并后的新公司估值将达400亿美元。\n这次交易中,Ackman 衍生了一种名为SPARC(特殊目的收购权公司)的新型SPAC形式,解决了SPAC目前运作的一些缺陷,比如在交易完成之前不占用投资者资金。这被认为是SPAC的第三代演变。\n长期来看,美联储的加息政策也是悬在SPAC头上的一把利剑,一旦流动性收紧,二级市场潮水退出,裸泳者也将浮出水面。虽然美国联邦储备委员会在6月16日宣布维持联邦基金利率目标区间在0-0.25%之间不变,符合市场预期。但美联储多数官员预测,加息最早会在2023年到来。","news_type":1,"symbols_score_info":{"MNQmain":0.9,"SQQQ":0.9,"NQmain":0.9,"QLD":0.9,"PSQ":0.9,"QID":0.9,"QQQ":0.9,"TQQQ":0.9}},"isVote":1,"tweetType":1,"viewCount":1888,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165826832,"gmtCreate":1624118234326,"gmtModify":1703829049947,"author":{"id":"3584652354468235","authorId":"3584652354468235","name":"moon88","avatar":"https://static.tigerbbs.com/1fd191b51024ac1ae2bdcf80d743ab78","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584652354468235","idStr":"3584652354468235"},"themes":[],"htmlText":"Good ","listText":"Good ","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/165826832","repostId":"2144170319","repostType":4,"repost":{"id":"2144170319","kind":"highlight","pubTimestamp":1624086714,"share":"https://ttm.financial/m/news/2144170319?lang=en_US&edition=fundamental","pubTime":"2021-06-19 15:11","market":"us","language":"zh","title":"The Biden administration completes 300 million doses of vaccination, and the goal of 70% adult vaccination meets the challenge","url":"https://stock-news.laohu8.com/highlight/detail?id=2144170319","media":"新浪财经","summary":" 中新社华盛顿6月18日电 美国总统拜登18日在白宫宣布,在其就任150天内,美国已完成3亿剂新冠疫苗接种。 尽管疫情大幅改善,但美国民众的疫苗接种意愿降低,让拜登政府的另一项抗疫目标面临挑战。拜登此前提出,在7月4日前,让70%的美国成年人至少接种一剂疫苗。15个州和华盛顿特区的一剂疫苗接种率已达70%。这将成为拜登就任总统以来白宫举行的最大规模活动。","content":"<p>(Fighting novel coronavirus pneumonia) Biden administration completes 300 million doses of vaccine vaccination, 70% of adult vaccination goals meet challenges</p><p>China news agency, June 18 (Reporter Chen Mengtong) US President Biden announced at the White House on the 18th that within 150 days of his appointment, the United States had completed 300 million doses of COVID-19 vaccine vaccination.</p><p>Biden said in a speech on the epidemic that day: \"Compared with last year, the United States is about to usher in a very different summer. A bright and pleasant summer.\"</p><p>According to data from Johns Hopkins University in the United States, as of the 18th, the cumulative number of confirmed cases of COVID-19 in the United States exceeded 33.51 million, and the number of deaths reached 601,000. At present, the average number of confirmed cases and deaths in the United States in 7 days is about 12,000 and 300.</p><p>Although the epidemic situation has improved significantly, the American people's willingness to vaccinate has decreased, challenging another anti-epidemic goal of the Biden administration. Biden previously proposed that 70% of American adults should receive at least one dose of vaccine by July 4. With 15 days left until the Independence Day holiday, this figure is still at 65.1%.</p><p>《<a href=\"https://laohu8.com/S/WPO\">Washington Post</a>\"Pointed out that the above goals may not be achieved until summer. Currently, the seven-day average vaccination volume in the United States is about 1.1 million doses, well below the peak of 3.3 million doses per day.</p><p>Biden noted that areas of the United States with high vaccination rates have seen significant declines in death rates and hospitalizations. \"But unfortunately, in states with low vaccination rates, new cases and hospitalizations are not declining in many places. In some places, they are actually rising.\"</p><p>According to the data released by the White House on the 18th, at present, more than 175 million Americans have received at least one dose of vaccine. One-dose vaccination rates have reached 70% in 15 states and Washington, D.C. According to US media statistics, the current vaccination rate of one dose in Alabama, Louisiana, Mississippi, Tennessee, Wyoming and other places is less than 50%.</p><p>At the same time, Biden pointed out that the new crown variant virus is a \"serious problem\" in the United States' fight against the epidemic. The new coronavirus variant will make unvaccinated people more vulnerable than they were a month ago. In the face of high-risk and highly transmissible mutated viruses, complete vaccination is still the \"best way\" to protect yourself.</p><p>\"On July 4th, we will celebrate independence from the pandemic while celebrating Independence Day. We want everyone to do it,\" Biden said.</p><p>Earlier this week, the White House revealed that a thousand-person celebration will be held on the South Lawn on Independence Day, inviting medical staff, rescue workers and their families on the front line of the epidemic to attend. This will be the largest event held in the White House since Biden became president.</p>","source":"sina_us","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>The Biden administration completes 300 million doses of vaccination, and the goal of 70% adult vaccination meets the challenge</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\">\nThe Biden administration completes 300 million doses of vaccination, and the goal of 70% adult vaccination meets the challenge\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2021-06-19 15:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Fighting novel coronavirus pneumonia) Biden administration completes 300 million doses of vaccine vaccination, 70% of adult vaccination goals meet challenges</p><p>China news agency, June 18 (Reporter Chen Mengtong) US President Biden announced at the White House on the 18th that within 150 days of his appointment, the United States had completed 300 million doses of COVID-19 vaccine vaccination.</p><p>Biden said in a speech on the epidemic that day: \"Compared with last year, the United States is about to usher in a very different summer. A bright and pleasant summer.\"</p><p>According to data from Johns Hopkins University in the United States, as of the 18th, the cumulative number of confirmed cases of COVID-19 in the United States exceeded 33.51 million, and the number of deaths reached 601,000. At present, the average number of confirmed cases and deaths in the United States in 7 days is about 12,000 and 300.</p><p>Although the epidemic situation has improved significantly, the American people's willingness to vaccinate has decreased, challenging another anti-epidemic goal of the Biden administration. Biden previously proposed that 70% of American adults should receive at least one dose of vaccine by July 4. With 15 days left until the Independence Day holiday, this figure is still at 65.1%.</p><p>《<a href=\"https://laohu8.com/S/WPO\">Washington Post</a>\"Pointed out that the above goals may not be achieved until summer. Currently, the seven-day average vaccination volume in the United States is about 1.1 million doses, well below the peak of 3.3 million doses per day.</p><p>Biden noted that areas of the United States with high vaccination rates have seen significant declines in death rates and hospitalizations. \"But unfortunately, in states with low vaccination rates, new cases and hospitalizations are not declining in many places. In some places, they are actually rising.\"</p><p>According to the data released by the White House on the 18th, at present, more than 175 million Americans have received at least one dose of vaccine. One-dose vaccination rates have reached 70% in 15 states and Washington, D.C. According to US media statistics, the current vaccination rate of one dose in Alabama, Louisiana, Mississippi, Tennessee, Wyoming and other places is less than 50%.</p><p>At the same time, Biden pointed out that the new crown variant virus is a \"serious problem\" in the United States' fight against the epidemic. The new coronavirus variant will make unvaccinated people more vulnerable than they were a month ago. In the face of high-risk and highly transmissible mutated viruses, complete vaccination is still the \"best way\" to protect yourself.</p><p>\"On July 4th, we will celebrate independence from the pandemic while celebrating Independence Day. We want everyone to do it,\" Biden said.</p><p>Earlier this week, the White House revealed that a thousand-person celebration will be held on the South Lawn on Independence Day, inviting medical staff, rescue workers and their families on the front line of the epidemic to attend. This will be the largest event held in the White House since Biden became president.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-06-19/doc-ikqcfnca1958952.shtml\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c26835d2a08742c3de45f524c7bb8604","relate_stocks":{},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-06-19/doc-ikqcfnca1958952.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144170319","content_text":"(抗击新冠肺炎)拜登政府完成3亿剂疫苗接种 70%成人接种目标迎挑战\n中新社华盛顿6月18日电 (记者 陈孟统)美国总统拜登18日在白宫宣布,在其就任150天内,美国已完成3亿剂新冠疫苗接种。\n拜登当天就疫情发表讲话说:“与去年相比,美国即将迎来一个非常不同的夏天。一个明亮的、愉悦的夏天。”\n据美国约翰斯·霍普金斯大学数据,截至18日,美国累计新冠确诊病例超3351万,死亡病例达60.1万。目前,美国7天平均确诊和死亡病例约为1.2万例和300例。\n尽管疫情大幅改善,但美国民众的疫苗接种意愿降低,让拜登政府的另一项抗疫目标面临挑战。拜登此前提出,在7月4日前,让70%的美国成年人至少接种一剂疫苗。距离独立日假期还剩15天,但这一数据仍为65.1%。\n《华盛顿邮报》指出,上述目标可能要到夏天才能实现。目前,美国7天平均疫苗接种量约为110万剂,远低于高峰时期的每日330万剂。\n拜登指出,美国疫苗接种率高的地区,死亡率和住院率大幅下降。“但不幸的是,在疫苗接种率较低的州,许多地方的新增病例和住院率并没有下降。在一些地方,实际在上升。”\n白宫18日公布的数据显示,目前,超过1.75亿美国人已至少接种一剂疫苗。15个州和华盛顿特区的一剂疫苗接种率已达70%。而据美国媒体统计,亚拉巴马州、路易斯安那州、密西西比州、田纳西州、怀俄明州等地目前一剂疫苗接种率不足50%。\n拜登同时指出,新冠变异病毒是美国抗击疫情的一个“严重问题”。新冠变异病毒将使未接种疫苗的人比一个月前更加脆弱。面对高危险性、高传播性的变异病毒,完全接种疫苗仍是自我保护的“最佳方法”。\n“7月4日,我们将在欢度独立日的同时,庆祝摆脱疫情而独立。我们希望每个人都能做到。”拜登如是说。\n本周早些时候,白宫对外透露,独立日当天将在南草坪举办千人规模的庆祝活动,邀请在抗疫一线的医务人员、救援人员及其家人参加。这将成为拜登就任总统以来白宫举行的最大规模活动。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":142049290,"gmtCreate":1626106654710,"gmtModify":1703753611962,"author":{"id":"3584652354468235","authorId":"3584652354468235","name":"moon88","avatar":"https://static.tigerbbs.com/1fd191b51024ac1ae2bdcf80d743ab78","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584652354468235","authorIdStr":"3584652354468235"},"themes":[],"htmlText":"Zan ","listText":"Zan ","text":"Zan","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/142049290","repostId":"2150673539","repostType":4,"isVote":1,"tweetType":1,"viewCount":2635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129563302,"gmtCreate":1624377861806,"gmtModify":1703835030731,"author":{"id":"3584652354468235","authorId":"3584652354468235","name":"moon88","avatar":"https://static.tigerbbs.com/1fd191b51024ac1ae2bdcf80d743ab78","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584652354468235","authorIdStr":"3584652354468235"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129563302","repostId":"1142464181","repostType":4,"repost":{"id":"1142464181","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624372497,"share":"https://ttm.financial/m/news/1142464181?lang=en_US&edition=fundamental","pubTime":"2021-06-22 22:34","market":"us","language":"zh","title":"The daily fresh pricing range is 13-16 US dollars/ADS, and old shareholders continue to increase their weight","url":"https://stock-news.laohu8.com/highlight/detail?id=1142464181","media":"老虎资讯综合","summary":"北京时间6月22日晚间消息,每日优鲜更新F-1招股书,计划公开发行2100万股美国存托股票(ADS),定价区间为13-16美元/ADS。\n现有股东中金、腾讯、美国长线基金Davis等将持续加码,购买至","content":"<p>News on the evening of June 22, Beijing time,<a href=\"https://laohu8.com/S/MF\">Daily excellent fresh</a>Update the F-1 prospectus and plan to publicly issue 21 million American depositary shares (ADS) with a pricing range of US $13-16/ADS.</p><p>Existing shareholders CICC,<a href=\"https://laohu8.com/S/00700\">Tencent</a>, U.S. long-term fund Davis, etc. will continue to increase their weight and buy ADSs worth up to 90 million US dollars.</p><p>According to the prospectus, the net revenue of Daily Youxian from 2018 to 2020 is approximately 3.5467 billion yuan, 6.0014 billion yuan, and 6.1304 billion yuan respectively. For the three months ended March 31, 2020, Daily Youxian's net revenue was 1.6898 billion yuan, and for the three months ended March 31, 2021, the net revenue was 1.5302 billion yuan.</p><p>The prospectus also shows that Daily Youxian's gross profit was 304 million yuan in 2018, an increase of 71.3% to 520.9 million yuan in 2019, and an increase of 128.5% in 2020 to 1.1904 billion yuan. For the three months ended March 31, 2020, the gross profit of Daily Youxian was 510.8 million yuan, compared with 189 million yuan in the same period in 2021.</p><p>From 2018 to 2020, the daily net losses of Youxian were 2.2316 billion yuan, 2.9094 billion yuan, and 1.6492 billion yuan respectively. For the quarter ended March 31, 2020, the daily net loss of Youxian was 194.7 million yuan, and the loss in the same period in 2021 was 610.3 million yuan. In 2018, 2019 and 2020, the adjusted net losses (non-GAAP standards) of Daily Youxian were 2.2159 billion yuan, 2.777 billion yuan, and 1.5897 billion yuan, respectively. For the quarter ended March 31, 2020, the adjusted net loss of Daily Youxian was 175.8 million yuan, and the loss in the same period in 2021 was 598.4 million yuan.</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>The daily fresh pricing range is 13-16 US dollars/ADS, and old shareholders continue to increase their weight</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\">\nThe daily fresh pricing range is 13-16 US dollars/ADS, and old shareholders continue to increase their weight\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-22 22:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>News on the evening of June 22, Beijing time,<a href=\"https://laohu8.com/S/MF\">Daily excellent fresh</a>Update the F-1 prospectus and plan to publicly issue 21 million American depositary shares (ADS) with a pricing range of US $13-16/ADS.</p><p>Existing shareholders CICC,<a href=\"https://laohu8.com/S/00700\">Tencent</a>, U.S. long-term fund Davis, etc. will continue to increase their weight and buy ADSs worth up to 90 million US dollars.</p><p>According to the prospectus, the net revenue of Daily Youxian from 2018 to 2020 is approximately 3.5467 billion yuan, 6.0014 billion yuan, and 6.1304 billion yuan respectively. For the three months ended March 31, 2020, Daily Youxian's net revenue was 1.6898 billion yuan, and for the three months ended March 31, 2021, the net revenue was 1.5302 billion yuan.</p><p>The prospectus also shows that Daily Youxian's gross profit was 304 million yuan in 2018, an increase of 71.3% to 520.9 million yuan in 2019, and an increase of 128.5% in 2020 to 1.1904 billion yuan. For the three months ended March 31, 2020, the gross profit of Daily Youxian was 510.8 million yuan, compared with 189 million yuan in the same period in 2021.</p><p>From 2018 to 2020, the daily net losses of Youxian were 2.2316 billion yuan, 2.9094 billion yuan, and 1.6492 billion yuan respectively. For the quarter ended March 31, 2020, the daily net loss of Youxian was 194.7 million yuan, and the loss in the same period in 2021 was 610.3 million yuan. In 2018, 2019 and 2020, the adjusted net losses (non-GAAP standards) of Daily Youxian were 2.2159 billion yuan, 2.777 billion yuan, and 1.5897 billion yuan, respectively. For the quarter ended March 31, 2020, the adjusted net loss of Daily Youxian was 175.8 million yuan, and the loss in the same period in 2021 was 598.4 million yuan.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1bc6d948584260429c150c1dd44a898f","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142464181","content_text":"北京时间6月22日晚间消息,每日优鲜更新F-1招股书,计划公开发行2100万股美国存托股票(ADS),定价区间为13-16美元/ADS。\n现有股东中金、腾讯、美国长线基金Davis等将持续加码,购买至多价值9000万美元的ADS。\n招股书显示,每日优鲜2018年-2020年的净营收分别约为35.467亿元, 60.014亿元,61.304亿元。截止2020年3月31日的三个月,每日优鲜的净营收为16.898亿元,截止2021年3月31日的三个月,净营收为15.302亿元。\n招股书还显示,每日优鲜的毛利润在2018年为3.04亿元,2019年增长71.3%了至5.209亿元,2020年再增长128.5%,达到11.904亿元。截止2020年3月31日的三个月,每日优鲜的毛利为5.108亿元,2021年的同期为1.89亿元。\n2018年至2020年,每日优鲜净亏损分别为22.316亿元,29.094亿元、16.492亿元。截止2020年3月31日的一个季度,每日优鲜净亏损1.947亿元,2021年同期亏损6.103亿元。2018年、2019年和2020年,每日优鲜的调整后净亏损(非GAAP标准)分别为22.159亿元、27.77亿元、15.897亿元。截止2020年3月31日的一个季度,每日优鲜调整后净亏损为1.758亿元,2021年同期亏损5.984亿元。","news_type":1,"symbols_score_info":{"MF":0.9}},"isVote":1,"tweetType":1,"viewCount":2704,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165826832,"gmtCreate":1624118234326,"gmtModify":1703829049947,"author":{"id":"3584652354468235","authorId":"3584652354468235","name":"moon88","avatar":"https://static.tigerbbs.com/1fd191b51024ac1ae2bdcf80d743ab78","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584652354468235","authorIdStr":"3584652354468235"},"themes":[],"htmlText":"Good ","listText":"Good ","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/165826832","repostId":"2144170319","repostType":4,"repost":{"id":"2144170319","kind":"highlight","pubTimestamp":1624086714,"share":"https://ttm.financial/m/news/2144170319?lang=en_US&edition=fundamental","pubTime":"2021-06-19 15:11","market":"us","language":"zh","title":"The Biden administration completes 300 million doses of vaccination, and the goal of 70% adult vaccination meets the challenge","url":"https://stock-news.laohu8.com/highlight/detail?id=2144170319","media":"新浪财经","summary":" 中新社华盛顿6月18日电 美国总统拜登18日在白宫宣布,在其就任150天内,美国已完成3亿剂新冠疫苗接种。 尽管疫情大幅改善,但美国民众的疫苗接种意愿降低,让拜登政府的另一项抗疫目标面临挑战。拜登此前提出,在7月4日前,让70%的美国成年人至少接种一剂疫苗。15个州和华盛顿特区的一剂疫苗接种率已达70%。这将成为拜登就任总统以来白宫举行的最大规模活动。","content":"<p>(Fighting novel coronavirus pneumonia) Biden administration completes 300 million doses of vaccine vaccination, 70% of adult vaccination goals meet challenges</p><p>China news agency, June 18 (Reporter Chen Mengtong) US President Biden announced at the White House on the 18th that within 150 days of his appointment, the United States had completed 300 million doses of COVID-19 vaccine vaccination.</p><p>Biden said in a speech on the epidemic that day: \"Compared with last year, the United States is about to usher in a very different summer. A bright and pleasant summer.\"</p><p>According to data from Johns Hopkins University in the United States, as of the 18th, the cumulative number of confirmed cases of COVID-19 in the United States exceeded 33.51 million, and the number of deaths reached 601,000. At present, the average number of confirmed cases and deaths in the United States in 7 days is about 12,000 and 300.</p><p>Although the epidemic situation has improved significantly, the American people's willingness to vaccinate has decreased, challenging another anti-epidemic goal of the Biden administration. Biden previously proposed that 70% of American adults should receive at least one dose of vaccine by July 4. With 15 days left until the Independence Day holiday, this figure is still at 65.1%.</p><p>《<a href=\"https://laohu8.com/S/WPO\">Washington Post</a>\"Pointed out that the above goals may not be achieved until summer. Currently, the seven-day average vaccination volume in the United States is about 1.1 million doses, well below the peak of 3.3 million doses per day.</p><p>Biden noted that areas of the United States with high vaccination rates have seen significant declines in death rates and hospitalizations. \"But unfortunately, in states with low vaccination rates, new cases and hospitalizations are not declining in many places. In some places, they are actually rising.\"</p><p>According to the data released by the White House on the 18th, at present, more than 175 million Americans have received at least one dose of vaccine. One-dose vaccination rates have reached 70% in 15 states and Washington, D.C. According to US media statistics, the current vaccination rate of one dose in Alabama, Louisiana, Mississippi, Tennessee, Wyoming and other places is less than 50%.</p><p>At the same time, Biden pointed out that the new crown variant virus is a \"serious problem\" in the United States' fight against the epidemic. The new coronavirus variant will make unvaccinated people more vulnerable than they were a month ago. In the face of high-risk and highly transmissible mutated viruses, complete vaccination is still the \"best way\" to protect yourself.</p><p>\"On July 4th, we will celebrate independence from the pandemic while celebrating Independence Day. We want everyone to do it,\" Biden said.</p><p>Earlier this week, the White House revealed that a thousand-person celebration will be held on the South Lawn on Independence Day, inviting medical staff, rescue workers and their families on the front line of the epidemic to attend. This will be the largest event held in the White House since Biden became president.</p>","source":"sina_us","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>The Biden administration completes 300 million doses of vaccination, and the goal of 70% adult vaccination meets the challenge</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\">\nThe Biden administration completes 300 million doses of vaccination, and the goal of 70% adult vaccination meets the challenge\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2021-06-19 15:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Fighting novel coronavirus pneumonia) Biden administration completes 300 million doses of vaccine vaccination, 70% of adult vaccination goals meet challenges</p><p>China news agency, June 18 (Reporter Chen Mengtong) US President Biden announced at the White House on the 18th that within 150 days of his appointment, the United States had completed 300 million doses of COVID-19 vaccine vaccination.</p><p>Biden said in a speech on the epidemic that day: \"Compared with last year, the United States is about to usher in a very different summer. A bright and pleasant summer.\"</p><p>According to data from Johns Hopkins University in the United States, as of the 18th, the cumulative number of confirmed cases of COVID-19 in the United States exceeded 33.51 million, and the number of deaths reached 601,000. At present, the average number of confirmed cases and deaths in the United States in 7 days is about 12,000 and 300.</p><p>Although the epidemic situation has improved significantly, the American people's willingness to vaccinate has decreased, challenging another anti-epidemic goal of the Biden administration. Biden previously proposed that 70% of American adults should receive at least one dose of vaccine by July 4. With 15 days left until the Independence Day holiday, this figure is still at 65.1%.</p><p>《<a href=\"https://laohu8.com/S/WPO\">Washington Post</a>\"Pointed out that the above goals may not be achieved until summer. Currently, the seven-day average vaccination volume in the United States is about 1.1 million doses, well below the peak of 3.3 million doses per day.</p><p>Biden noted that areas of the United States with high vaccination rates have seen significant declines in death rates and hospitalizations. \"But unfortunately, in states with low vaccination rates, new cases and hospitalizations are not declining in many places. In some places, they are actually rising.\"</p><p>According to the data released by the White House on the 18th, at present, more than 175 million Americans have received at least one dose of vaccine. One-dose vaccination rates have reached 70% in 15 states and Washington, D.C. According to US media statistics, the current vaccination rate of one dose in Alabama, Louisiana, Mississippi, Tennessee, Wyoming and other places is less than 50%.</p><p>At the same time, Biden pointed out that the new crown variant virus is a \"serious problem\" in the United States' fight against the epidemic. The new coronavirus variant will make unvaccinated people more vulnerable than they were a month ago. In the face of high-risk and highly transmissible mutated viruses, complete vaccination is still the \"best way\" to protect yourself.</p><p>\"On July 4th, we will celebrate independence from the pandemic while celebrating Independence Day. We want everyone to do it,\" Biden said.</p><p>Earlier this week, the White House revealed that a thousand-person celebration will be held on the South Lawn on Independence Day, inviting medical staff, rescue workers and their families on the front line of the epidemic to attend. This will be the largest event held in the White House since Biden became president.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-06-19/doc-ikqcfnca1958952.shtml\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c26835d2a08742c3de45f524c7bb8604","relate_stocks":{},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-06-19/doc-ikqcfnca1958952.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144170319","content_text":"(抗击新冠肺炎)拜登政府完成3亿剂疫苗接种 70%成人接种目标迎挑战\n中新社华盛顿6月18日电 (记者 陈孟统)美国总统拜登18日在白宫宣布,在其就任150天内,美国已完成3亿剂新冠疫苗接种。\n拜登当天就疫情发表讲话说:“与去年相比,美国即将迎来一个非常不同的夏天。一个明亮的、愉悦的夏天。”\n据美国约翰斯·霍普金斯大学数据,截至18日,美国累计新冠确诊病例超3351万,死亡病例达60.1万。目前,美国7天平均确诊和死亡病例约为1.2万例和300例。\n尽管疫情大幅改善,但美国民众的疫苗接种意愿降低,让拜登政府的另一项抗疫目标面临挑战。拜登此前提出,在7月4日前,让70%的美国成年人至少接种一剂疫苗。距离独立日假期还剩15天,但这一数据仍为65.1%。\n《华盛顿邮报》指出,上述目标可能要到夏天才能实现。目前,美国7天平均疫苗接种量约为110万剂,远低于高峰时期的每日330万剂。\n拜登指出,美国疫苗接种率高的地区,死亡率和住院率大幅下降。“但不幸的是,在疫苗接种率较低的州,许多地方的新增病例和住院率并没有下降。在一些地方,实际在上升。”\n白宫18日公布的数据显示,目前,超过1.75亿美国人已至少接种一剂疫苗。15个州和华盛顿特区的一剂疫苗接种率已达70%。而据美国媒体统计,亚拉巴马州、路易斯安那州、密西西比州、田纳西州、怀俄明州等地目前一剂疫苗接种率不足50%。\n拜登同时指出,新冠变异病毒是美国抗击疫情的一个“严重问题”。新冠变异病毒将使未接种疫苗的人比一个月前更加脆弱。面对高危险性、高传播性的变异病毒,完全接种疫苗仍是自我保护的“最佳方法”。\n“7月4日,我们将在欢度独立日的同时,庆祝摆脱疫情而独立。我们希望每个人都能做到。”拜登如是说。\n本周早些时候,白宫对外透露,独立日当天将在南草坪举办千人规模的庆祝活动,邀请在抗疫一线的医务人员、救援人员及其家人参加。这将成为拜登就任总统以来白宫举行的最大规模活动。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165822999,"gmtCreate":1624118303411,"gmtModify":1703829050441,"author":{"id":"3584652354468235","authorId":"3584652354468235","name":"moon88","avatar":"https://static.tigerbbs.com/1fd191b51024ac1ae2bdcf80d743ab78","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584652354468235","authorIdStr":"3584652354468235"},"themes":[],"htmlText":"Lihai ","listText":"Lihai ","text":"Lihai","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165822999","repostId":"2144154703","repostType":4,"repost":{"id":"2144154703","kind":"highlight","pubTimestamp":1624085563,"share":"https://ttm.financial/m/news/2144154703?lang=en_US&edition=fundamental","pubTime":"2021-06-19 14:52","market":"hk","language":"zh","title":"SPAC, a blind box game of wealth where the whole world crosses the river by feeling the stones","url":"https://stock-news.laohu8.com/highlight/detail?id=2144154703","media":"智通财经网","summary":"这段时间,SPAC的狂热已经引起市场警惕,美国监管层正在有意进行监管规则的调整。长期来看,相关政策调整、流动性大幅收紧等都将是SPAC未来发展的重大不确定性因素。","content":"<p>After the first quarter of popularity, in just 2 months, the fanatical SPAC has cooled down. In March 2021, after the number of SPAC IPOs climbed to a historical peak of 110, it fell to 13 in April and 19 in May.<img src=\"https://static.tigerbbs.com/bcc02404cd4816379f86b57e2674e2aa\" tg-width=\"1080\" tg-height=\"616\" referrerpolicy=\"no-referrer\">Number of SPAC IPOs in a single month in the last year, chart: Titanium Media</p><p>Hot money is fierce, which has made SPACs run wildly since 2020, and now the market is beginning to return to normal. Throughout 2020, a total of 248 SPAC companies were listed on the U.S. stock market, raising a total of more than 84 billion US dollars, exceeding the total IPO fundraising of SPACs in previous years. The market is still hot in the first quarter of 2021. The number of SPAC IPOs has reached 308, exceeding the total of last year, and the fundraising scale has reached US $99.6 billion, far exceeding traditional IPOs.</p><p>SPACs seem to have a tendency to subvert the traditional IPO market, but things must be reversed, and signs of the market peaking are beginning to emerge. During this period, the enthusiasm for SPACs has aroused market vigilance, and U.S. regulators are deliberately adjusting regulatory rules. In the long run, relevant policy adjustments and substantial tightening of liquidity will be major uncertainties in the future development of SPACs.</p><p>As an innovative financial tool, the voices of support and opposition to SPAC are equally high. In fact, all countries in the world, including the United States, are \"crossing the river by feeling the stones\". Generally speaking, they are in the process of exploration and improvement. Looking back on the past and present lives of SPACs, SPACs have been adapting to the development of the capital market by continuously optimizing systems and improving trading rules.</p><p>A cliff-like decline, the number of SPACIPOs in a single month increased from 110 to 14</p><p>In the past two months, the SEC (U.S. Securities and Exchange Commission) issued a new accounting guideline for SPACs (Special Purpose Acquisition Companies), which instantly calmed down the SPAC market. On April 12, the US SEC announced that the Warrants (Warrants) sold by SPACs should be classified as liabilities rather than equity.</p><p>Warrant is the right of public investors to exchange a common share at a fixed price in the future. From an accounting point of view, previously, such warrants were classified as \"equity\", and SPAC investors bought them at a specific price to obtain huge returns.</p><p>Since it is a liability, the sponsor needs to regularly calculate the value of the warrants, which obviously increases the burden of formalities for SPAC sponsors who pursue simplicity. This means that if the value of the warrants fluctuates greatly, the affected SPACs will have to restate their financial results. That is to say, if you have finished the financial report, initiated a reverse M&A application, and started the M&A process, then you may have to do the financial report again according to the new requirements.</p><p>The impact of this move on the market is like pouring cold water on the head. Statistics show that the number of newly established SPACs dropped sharply in April, from the historical peak of 110 in March to 13 in April, and only 19 in May. Many companies have suspended SPAC listing applications and begun to readjust accounting standards.</p><p>Since 2020, the SPAC market has been unprecedentedly hot, which has aroused the vigilance of overseas regulators. The SEC has repeatedly warned SPAC investors before. In early April, an SEC official said that there are \"some major but undiscovered problems\" in SPACs. question.</p><p>In March, the SEC warned investors that investing in SPACs should not be made just because of the stars among SPAC sponsors. Some market participants even called SPAC \"the crystallization of wisdom in this IPO era that is eager for quick success and instant benefit. It is a solution after hoarding a large number of unicorns in the era of large-scale releases in the past ten years, and it is also the king of this round of bubbles.\"</p><p>\"In the past, it was better to go through the IPO process to make money when listing, so it is better to directly send an account to leeks\", \"The essence of the capital pie game is to cut leeks\", \"Empty gloves and white wolves\", it has always been a blind box game of wealth for ordinary investors, and SPAC listed car companies have become the hardest hit area, and various doubts about SPAC, a new type of financial instrument, are widespread.</p><p>Wealth blind box game, SPAC-listed car companies have become the hardest hit areas</p><p>In addition to the blow to regulation, the cruel market is also becoming the alchemy stone of SPACs. Recently, a number of new energy car companies in the United States have been exposed to suspected fraud. Most of them went public in 2020 through the SPAC model, and then exploded one after another within about half a year.</p><p>On June 16, according to foreign media reports, LordstownMotors, an innovative energy vehicle company listed on the US stock market, announced that CEO Steve Burns and Chief Financial Officer Julio Rodriguez had resigned. In October 2020, Lordstown was listed on the Nasdaq Stock Exchange through a SPAC under the ticker symbol \"RIDE\".</p><p>On the first day of listing, Lordstown's stock price rose nearly 20%, but in March this year, short-selling agency HindenburgResearch accused Lordstown of using fake orders to raise funds for its Endurance electric pickup truck. The pickup will still be years away from reaching production, but Lordstown insists it will begin production of the model as planned in September.</p><p>Half a year seems to have become a life and death gate for SPAC listed companies. In March 2020, it was regarded by the industry as the \"truck industry\"<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>\"Nikola Corp. announced that it went public through a reverse merger with SPAC company VectorIQ Acquisition Corp. The deal brings NikolaCorp. 's company market capitalization to $3.3 billion and raises approximately $525 million in operating capital.</p><p>Only 6 months after its listing, Nikola Corp. exploded. In September 2020, Hindenburg Research released a report stating that Nikola Corp. was suspected of fraud in terms of products and technologies. Not only did the company not master the manufacturing technology of hydrogen fuel cells, but its semi-trailer trucks, battery technology, hydrogen production, Nikola One There are also dozens of false claims in many aspects such as even its billion-dollar orders. After the report was released, Trevor Milton, executive chairman of Nikola, announced his resignation.</p><p>The collective resignation of the company's top executives cannot save the falling stock price. Currently, Nikola Corp. 's stock price is hovering around US $15 per share, which has dropped by nearly 80% compared to the unprecedented peak of US $66 per share.<img src=\"https://static.tigerbbs.com/9ec57d3a166878fc396f28f04648875f\" tg-width=\"913\" tg-height=\"555\" referrerpolicy=\"no-referrer\">Nikola Corp. Stock price trend</p><p>For a long time, streamlined listing procedures and looser review standards have been the main reasons why the SPAC model is highly respected by the market. But this is also a double-edged sword. Due to the simple listing process and relatively loose supervision, the SPAC listing model relatively lacks the strict control of investment banks, thus burying greater risks, such as false capital injection of listing targets and business entities that do not conform to listing standards.</p><p>Potentially high returns are highly attractive to founders and public investors, but the password to the SPAC wealth blind box game is only in the hands of a small number of people.</p><p>\"The essence of SPAC is the realization of the founder's resources, so the setting of the equity structure of SPAC naturally gives the founder the investment leverage to obtain a higher proportion of equity at a lower cost.\" Sun Jinju's research team of Kaiyuan Securities said. The founder can set up a SPAC with only US $25,000. After conversion, the price of common shares does not exceed 2 cents per share. However, \"the target of SPAC acquisition is highly uncertain, and public investors are participating in blind box games with high potential yields, and the winning rate of the game depends on the SPAC founder.\"</p><p>Is the market about to peak? SPACs have been evolving for 30 years</p><p>As an innovative financial tool, in fact, all countries in the world, including the United States, are \"crossing the river by feeling the stones\". Generally speaking, they are in the process of exploration and improvement.</p><p>The past year has completely pushed SPACs to the forefront of global capital markets. In 2020 alone, a total of 248 SPACs went public, raising more than US $83 billion, accounting for half of the annual IPOs in the United States. In the first three months of this year, the number of SPAC listings and the amount of funds raised have exceeded the whole of last year. PE giants, business tycoons, and celebrities have set foot in SPAC one after another, allowing this SPAC to quickly \"get out of the circle\".<img src=\"https://static.tigerbbs.com/e3935d6372e6d7a6d74f92c250589da9\" tg-width=\"648\" tg-height=\"368\" referrerpolicy=\"no-referrer\">In order to grab high-quality companies, major exchanges around the world are also actively promoting and improving the SPAC mechanism.<a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>On March 31, a public consultation was launched on the introduction of the SPAC mechanism, and it is expected that the SPAC framework will be officially announced as soon as mid-2021. There are media reports,<a href=\"https://laohu8.com/S/00388\">HKEX</a>We are also considering formulating a SPAC framework suitable for the Hong Kong market, with the goal of welcoming the first batch of SPACs by the end of the year. It is reported that Hong Kong regulators are considering formulating stricter rules than those in the United States.</p><p>Under the strong admiration of the global market, the momentum of SPAC is out of control. Under the hot speculation, the market seems to be revealing signals of peaking. Co-founder of Marshall Wace, a hedge fund in charge of $55 billion in assets, in the UK<a href=\"https://laohu8.com/S/JRJC\">The financial world</a>Paul Marshall, the big name that no one knows, warns about the SPAC bubble. \"The SPAC phenomenon is going to end badly, and a lot of people will suffer,\" he said.</p><p>The two major investment leaders in the global financial market have even mercilessly criticized SPACs. \"Gambling with other people's money.\" At this year's shareholder meeting, Buffett defined the listing mechanism of SPAC in this way, while Munger directly said that it is a kind of \"easy money\" (ill-gotten wealth), and he doesn't like this kind of use. Something that deceives people to invest in cutting leeks.</p><p>But there is no shortage of supportive voices in the market. Regarding a series of repressive measures by U.S. regulators, a market observer named Steven Davidoff Solomon said<a href=\"https://laohu8.com/S/NYT\">The New York Times</a>The article stated that although some SPACs are too aggressive or go public prematurely, and even announce wrong and false business plans, it cannot be denied that SPACs have revived the IPO market of small companies and emerging growth companies in the past 20 years.</p><p>Since 1993, when GKN Securities of the United States introduced SPAC to the market for nearly 30 years, the trading rules and systems of SPAC have been constantly adjusted and improved. For example, the deal between Bill Ackman, another hedge fund tycoon who has attracted much attention recently, and Universal Music. According to media reports, Ackman's SPAC company Pershing Square Tontine Holding (PSTH) is negotiating with Universal Music for mergers and acquisitions. This may be the largest transaction under the SPAC frenzy, and the valuation of the merged new company will reach 40 billion dollars.</p><p>In this transaction, Ackman derived a new form of SPAC called SPARC (Special Purpose Acquisition Company), which solved some shortcomings in the current operation of SPACs, such as not occupying investor funds until the transaction is completed. This is considered to be the third generation evolution of SPACs.</p><p>In the long run, the Fed's rate hike policy is also a sharp sword hanging over the SPAC's head. Once the liquidity tightening, the secondary market tide withdraws, and naked swimmers will also surface. Although the U.S. Federal Reserve announced on June 16 that it would keep the target range of Federal Funds rate unchanged between 0-0.25%, which was in line with market expectations. But most Fed officials predict that a rate hike will come as early as 2023.</p>","source":"highlight_zhitongcaijin","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, a blind box game of wealth where the whole world crosses the river by feeling the stones</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\">\nSPAC, a blind box game of wealth where the whole world crosses the river by feeling the stones\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经网</strong><span class=\"h-time small\">2021-06-19 14:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After the first quarter of popularity, in just 2 months, the fanatical SPAC has cooled down. In March 2021, after the number of SPAC IPOs climbed to a historical peak of 110, it fell to 13 in April and 19 in May.<img src=\"https://static.tigerbbs.com/bcc02404cd4816379f86b57e2674e2aa\" tg-width=\"1080\" tg-height=\"616\" referrerpolicy=\"no-referrer\">Number of SPAC IPOs in a single month in the last year, chart: Titanium Media</p><p>Hot money is fierce, which has made SPACs run wildly since 2020, and now the market is beginning to return to normal. Throughout 2020, a total of 248 SPAC companies were listed on the U.S. stock market, raising a total of more than 84 billion US dollars, exceeding the total IPO fundraising of SPACs in previous years. The market is still hot in the first quarter of 2021. The number of SPAC IPOs has reached 308, exceeding the total of last year, and the fundraising scale has reached US $99.6 billion, far exceeding traditional IPOs.</p><p>SPACs seem to have a tendency to subvert the traditional IPO market, but things must be reversed, and signs of the market peaking are beginning to emerge. During this period, the enthusiasm for SPACs has aroused market vigilance, and U.S. regulators are deliberately adjusting regulatory rules. In the long run, relevant policy adjustments and substantial tightening of liquidity will be major uncertainties in the future development of SPACs.</p><p>As an innovative financial tool, the voices of support and opposition to SPAC are equally high. In fact, all countries in the world, including the United States, are \"crossing the river by feeling the stones\". Generally speaking, they are in the process of exploration and improvement. Looking back on the past and present lives of SPACs, SPACs have been adapting to the development of the capital market by continuously optimizing systems and improving trading rules.</p><p>A cliff-like decline, the number of SPACIPOs in a single month increased from 110 to 14</p><p>In the past two months, the SEC (U.S. Securities and Exchange Commission) issued a new accounting guideline for SPACs (Special Purpose Acquisition Companies), which instantly calmed down the SPAC market. On April 12, the US SEC announced that the Warrants (Warrants) sold by SPACs should be classified as liabilities rather than equity.</p><p>Warrant is the right of public investors to exchange a common share at a fixed price in the future. From an accounting point of view, previously, such warrants were classified as \"equity\", and SPAC investors bought them at a specific price to obtain huge returns.</p><p>Since it is a liability, the sponsor needs to regularly calculate the value of the warrants, which obviously increases the burden of formalities for SPAC sponsors who pursue simplicity. This means that if the value of the warrants fluctuates greatly, the affected SPACs will have to restate their financial results. That is to say, if you have finished the financial report, initiated a reverse M&A application, and started the M&A process, then you may have to do the financial report again according to the new requirements.</p><p>The impact of this move on the market is like pouring cold water on the head. Statistics show that the number of newly established SPACs dropped sharply in April, from the historical peak of 110 in March to 13 in April, and only 19 in May. Many companies have suspended SPAC listing applications and begun to readjust accounting standards.</p><p>Since 2020, the SPAC market has been unprecedentedly hot, which has aroused the vigilance of overseas regulators. The SEC has repeatedly warned SPAC investors before. In early April, an SEC official said that there are \"some major but undiscovered problems\" in SPACs. question.</p><p>In March, the SEC warned investors that investing in SPACs should not be made just because of the stars among SPAC sponsors. Some market participants even called SPAC \"the crystallization of wisdom in this IPO era that is eager for quick success and instant benefit. It is a solution after hoarding a large number of unicorns in the era of large-scale releases in the past ten years, and it is also the king of this round of bubbles.\"</p><p>\"In the past, it was better to go through the IPO process to make money when listing, so it is better to directly send an account to leeks\", \"The essence of the capital pie game is to cut leeks\", \"Empty gloves and white wolves\", it has always been a blind box game of wealth for ordinary investors, and SPAC listed car companies have become the hardest hit area, and various doubts about SPAC, a new type of financial instrument, are widespread.</p><p>Wealth blind box game, SPAC-listed car companies have become the hardest hit areas</p><p>In addition to the blow to regulation, the cruel market is also becoming the alchemy stone of SPACs. Recently, a number of new energy car companies in the United States have been exposed to suspected fraud. Most of them went public in 2020 through the SPAC model, and then exploded one after another within about half a year.</p><p>On June 16, according to foreign media reports, LordstownMotors, an innovative energy vehicle company listed on the US stock market, announced that CEO Steve Burns and Chief Financial Officer Julio Rodriguez had resigned. In October 2020, Lordstown was listed on the Nasdaq Stock Exchange through a SPAC under the ticker symbol \"RIDE\".</p><p>On the first day of listing, Lordstown's stock price rose nearly 20%, but in March this year, short-selling agency HindenburgResearch accused Lordstown of using fake orders to raise funds for its Endurance electric pickup truck. The pickup will still be years away from reaching production, but Lordstown insists it will begin production of the model as planned in September.</p><p>Half a year seems to have become a life and death gate for SPAC listed companies. In March 2020, it was regarded by the industry as the \"truck industry\"<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>\"Nikola Corp. announced that it went public through a reverse merger with SPAC company VectorIQ Acquisition Corp. The deal brings NikolaCorp. 's company market capitalization to $3.3 billion and raises approximately $525 million in operating capital.</p><p>Only 6 months after its listing, Nikola Corp. exploded. In September 2020, Hindenburg Research released a report stating that Nikola Corp. was suspected of fraud in terms of products and technologies. Not only did the company not master the manufacturing technology of hydrogen fuel cells, but its semi-trailer trucks, battery technology, hydrogen production, Nikola One There are also dozens of false claims in many aspects such as even its billion-dollar orders. After the report was released, Trevor Milton, executive chairman of Nikola, announced his resignation.</p><p>The collective resignation of the company's top executives cannot save the falling stock price. Currently, Nikola Corp. 's stock price is hovering around US $15 per share, which has dropped by nearly 80% compared to the unprecedented peak of US $66 per share.<img src=\"https://static.tigerbbs.com/9ec57d3a166878fc396f28f04648875f\" tg-width=\"913\" tg-height=\"555\" referrerpolicy=\"no-referrer\">Nikola Corp. Stock price trend</p><p>For a long time, streamlined listing procedures and looser review standards have been the main reasons why the SPAC model is highly respected by the market. But this is also a double-edged sword. Due to the simple listing process and relatively loose supervision, the SPAC listing model relatively lacks the strict control of investment banks, thus burying greater risks, such as false capital injection of listing targets and business entities that do not conform to listing standards.</p><p>Potentially high returns are highly attractive to founders and public investors, but the password to the SPAC wealth blind box game is only in the hands of a small number of people.</p><p>\"The essence of SPAC is the realization of the founder's resources, so the setting of the equity structure of SPAC naturally gives the founder the investment leverage to obtain a higher proportion of equity at a lower cost.\" Sun Jinju's research team of Kaiyuan Securities said. The founder can set up a SPAC with only US $25,000. After conversion, the price of common shares does not exceed 2 cents per share. However, \"the target of SPAC acquisition is highly uncertain, and public investors are participating in blind box games with high potential yields, and the winning rate of the game depends on the SPAC founder.\"</p><p>Is the market about to peak? SPACs have been evolving for 30 years</p><p>As an innovative financial tool, in fact, all countries in the world, including the United States, are \"crossing the river by feeling the stones\". Generally speaking, they are in the process of exploration and improvement.</p><p>The past year has completely pushed SPACs to the forefront of global capital markets. In 2020 alone, a total of 248 SPACs went public, raising more than US $83 billion, accounting for half of the annual IPOs in the United States. In the first three months of this year, the number of SPAC listings and the amount of funds raised have exceeded the whole of last year. PE giants, business tycoons, and celebrities have set foot in SPAC one after another, allowing this SPAC to quickly \"get out of the circle\".<img src=\"https://static.tigerbbs.com/e3935d6372e6d7a6d74f92c250589da9\" tg-width=\"648\" tg-height=\"368\" referrerpolicy=\"no-referrer\">In order to grab high-quality companies, major exchanges around the world are also actively promoting and improving the SPAC mechanism.<a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>On March 31, a public consultation was launched on the introduction of the SPAC mechanism, and it is expected that the SPAC framework will be officially announced as soon as mid-2021. There are media reports,<a href=\"https://laohu8.com/S/00388\">HKEX</a>We are also considering formulating a SPAC framework suitable for the Hong Kong market, with the goal of welcoming the first batch of SPACs by the end of the year. It is reported that Hong Kong regulators are considering formulating stricter rules than those in the United States.</p><p>Under the strong admiration of the global market, the momentum of SPAC is out of control. Under the hot speculation, the market seems to be revealing signals of peaking. Co-founder of Marshall Wace, a hedge fund in charge of $55 billion in assets, in the UK<a href=\"https://laohu8.com/S/JRJC\">The financial world</a>Paul Marshall, the big name that no one knows, warns about the SPAC bubble. \"The SPAC phenomenon is going to end badly, and a lot of people will suffer,\" he said.</p><p>The two major investment leaders in the global financial market have even mercilessly criticized SPACs. \"Gambling with other people's money.\" At this year's shareholder meeting, Buffett defined the listing mechanism of SPAC in this way, while Munger directly said that it is a kind of \"easy money\" (ill-gotten wealth), and he doesn't like this kind of use. Something that deceives people to invest in cutting leeks.</p><p>But there is no shortage of supportive voices in the market. Regarding a series of repressive measures by U.S. regulators, a market observer named Steven Davidoff Solomon said<a href=\"https://laohu8.com/S/NYT\">The New York Times</a>The article stated that although some SPACs are too aggressive or go public prematurely, and even announce wrong and false business plans, it cannot be denied that SPACs have revived the IPO market of small companies and emerging growth companies in the past 20 years.</p><p>Since 1993, when GKN Securities of the United States introduced SPAC to the market for nearly 30 years, the trading rules and systems of SPAC have been constantly adjusted and improved. For example, the deal between Bill Ackman, another hedge fund tycoon who has attracted much attention recently, and Universal Music. According to media reports, Ackman's SPAC company Pershing Square Tontine Holding (PSTH) is negotiating with Universal Music for mergers and acquisitions. This may be the largest transaction under the SPAC frenzy, and the valuation of the merged new company will reach 40 billion dollars.</p><p>In this transaction, Ackman derived a new form of SPAC called SPARC (Special Purpose Acquisition Company), which solved some shortcomings in the current operation of SPACs, such as not occupying investor funds until the transaction is completed. This is considered to be the third generation evolution of SPACs.</p><p>In the long run, the Fed's rate hike policy is also a sharp sword hanging over the SPAC's head. Once the liquidity tightening, the secondary market tide withdraws, and naked swimmers will also surface. Although the U.S. Federal Reserve announced on June 16 that it would keep the target range of Federal Funds rate unchanged between 0-0.25%, which was in line with market expectations. But most Fed officials predict that a rate hike will come as early as 2023.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"http://www.zhitongcaijing.com/content/detail/497190.html\">智通财经网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4d8b4ef5e124da060f276a5c2f3dd5af","relate_stocks":{"TQQQ":"纳指三倍做多ETF","QQQ":"纳指100ETF","QLD":"2倍做多纳斯达克100指数ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","SQQQ":"纳指三倍做空ETF"},"source_url":"http://www.zhitongcaijing.com/content/detail/497190.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2144154703","content_text":"经历了一季度的火爆,短短2个月,狂热的SPAC就凉了。2021年3月,SPAC IPO数量攀至110个的历史顶峰之后,4月瞬间悬崖式下跌至13个,5月为19个。最近一年单月SPAC IPO数量,制图:钛媒体\n热钱凶猛,让SPAC从2020年开始一路狂奔,如今市场开始恢复常态。2020年一整年,共有248家SPAC公司在美股上市,募资总额达到840多亿美元,超过SPAC往年的IPO募资总和。2021年一季度市场依旧火爆,SPAC IPO数已达308起,超越去年全年总和,募资规模达996亿美元,远超传统IPO。\nSPAC似有颠覆传统IPO市场的趋势,但物极必反,市场见顶的迹象初露端倪。这段时间,SPAC的狂热已经引起市场警惕,美国监管层正在有意进行监管规则的调整。长期来看,相关政策调整、流动性大幅收紧等都将是SPAC未来发展的重大不确定性因素。\n作为一个创新型的金融工具,对SPAC支持和反对的声音同样高涨。事实上,包括美国在内的世界各国都在“摸着石头过河”,总体上,都处于探索、完善的过程。回顾SPAC的前世今生,SPAC一直在通过不断优化制度、完善交易规则来适应资本市场的发展。\n断崖式下跌,单月SPACIPO数量从110到14\n最近两个月,SEC(美国证券交易委员会)发布的一则针对SPAC(特殊目的收购公司)的新会计指南,让SPAC市场瞬间恢复了冷静。4月12日,美国SEC宣布SPAC出售的认股权证(Warrants)应分类为负债而不是股权。\nWarrant是公众投资人将来可以按固定价格兑换一股普通股的权利。从会计的角度上看,此前,该类认股权证被归为“股本”,SPAC的投资者以特定的价格购买以此获得巨大收益。\n既是负债,发起人就需要定期核算认股权证的价值,这明显给追求简便的SPAC发起人增加了手续上的负担。这意味着,如果认股权证的价值波动较大,受影响的SPAC将必须要重述他们的财务业绩。也就是说,如果你已经做完了财报,发起了反向并购申请,开始走并购程序,那么你可能要按照新要求重新做一遍财报。\n此举对市场的影响犹如当头泼了一盆冷水。统计显示,4月新设立的SPAC数量发生骤减,从3月的历史峰值110个断崖式下跌至4月的13个,5月也仅有19个。很多公司暂停了SPAC上市申请,并开始就会计准则作出了重新调整。\n2020年以来,SPAC市场空前火爆,已经引发海外监管机构的警惕,此前SEC就已多次警示SPAC的投资者,4月初,SEC的一位官员表示,SPAC存在“一些重大但尚未发现的”问题。\n3月,SEC曾警告投资者,投资SPAC不应仅因为SPAC发起人中的明星而进行投资。有市场人士更是称SPAC是“这个急功近利的IPO时代的智慧结晶,是过去十年大放水时代里囤积出大量独角兽后的解决方案,更是这一轮的泡沫之王”。\n“以前上市圈钱还走一下IPO流程,不如直接给韭菜发帐号吧”、“资本画饼游戏实质还是割韭菜”、“空手套白狼”,一直以来普通投资人财富盲盒游戏,SPAC上市车企已成爆雷重灾区对SPAC这种新型的金融工具的各种质疑普遍存在。\n财富盲盒游戏,SPAC上市车企已成爆雷重灾区\n监管的当头一棒之外,残酷的市场也正成为SPAC的炼金石。近日,美国多家新能源车企被曝涉嫌造假,其中大部分车企都是通过SPAC模式在2020年实现上市,而后在半年左右的时间内相继爆雷。\n6月16日,据外媒消息,美股上市初创新能源车企LordstownMotors宣布,公司首席执行官史蒂夫伯恩斯和首席财务官胡里奥罗德里格斯已经辞职。2020年10月,Lordstown通过SPAC在纳斯达克证券交易所上市,股票代码为 \"RIDE\"。\n上市首日,Lordstown股价一度上涨近20%,但今年3月,做空机构HindenburgResearch指控Lordstown使用虚假订单为其Endurance电动皮卡筹集资金。该款皮卡仍需要数年才能投入生产,但Lordstown坚称将在9月按计划开始生产该车型。\n半年似乎成了SPAC上市公司的一个生死命门。2020年3月,被业内视为“卡车界特斯拉”的Nikola Corp.宣布通过与SPAC公司VectorIQ Acquisition Corp.反向并购上市。该交易使NikolaCorp.的公司市值达到33亿美元,并筹集约5.25亿美元的运营资金。\n上市仅6个月后,Nikola Corp.爆雷。2020年9月,Hindenburg Research发布报告称, Nikola Corp.公司在产品及技术方面涉嫌造假,不仅该公司并未掌握氢燃料电池的制造技术,其半挂式卡车、电池技术、氢气生产、Nikola One甚至其数十亿美元大订单等诸多方面也存在数十个虚假声明。报告发布后,Nikola执行董事长Trevor Milton宣布了辞职。\n公司高层集体辞职,也拯救不了一路下跌的股价。目前,Nikola Corp.股价在15美元/股上下徘徊,相比被做空前66美元/股的峰值股价已跌去近80%。Nikola Corp.股价走势\n一直以来,上市程序更精简,审查标准更宽松都是SPAC模式备受市场推崇的主要原因。但这也是一把双刃剑,由于上市流程简单、监管相对较松,SPAC上市模式相对缺乏投资银行的严格把关,因而埋藏了较大风险,比如上市标的虚假注资、业务主体不合上市规范等。\n潜在高额回报对创始人和公众投资者具有很强的吸引力,但SPAC财富盲盒游戏的密码只掌握在一小部分人手里。\n“SPAC的本质是创始人的资源变现,因此SPAC在股权结构的设置上天然赋予了创始人以较低成本获取较高比例股权的投资杠杆。”开源证券孙金钜研究团队表示。创始人仅需2.5万美元即可成立一个SPAC,折算下来,普通股每股价格不超过2美分。但“SPAC收购标的具有高度不确定性,公众投资者参与的是潜在收益率颇高的盲盒游戏,而游戏的胜率取决于SPAC创始人”。\n市场快见顶了?30年间SPAC一直在不断演变\n作为一个创新型的金融工具,事实上包括美国在内的世界各国都在“摸着石头过河”,总体上,都处于探索、完善的过程。\n过去的一年把SPAC彻底推上了全球资本市场的风口浪尖。单是2020年一年,共有248家SPAC上市,募资超830亿美元,占美国全年IPO的半壁江山。今年前三个月,SPAC的上市数量和募资金额已经超过去年全年。PE巨头、商界大佬及明星富豪等纷纷涉足SPAC,让这场SPAC快速“出圈”。为了抢夺优质公司,世界各大交易所也在积极推进和完善SPAC机制。新加坡交易所3月31日就引入SPAC机制向公众展开了咨询,预计最快在2021年年中正式公布SPAC框架。有媒体报道,香港交易所也正考虑制定适合香港市场的SPAC框架,目标是在年底迎来首批SPAC。据悉,香港监管机构考虑制定比美国更严格的规则。\n在全球市场的大力推崇之下,SPAC的势头一发不可收拾。热炒之下,市场似乎在透露出见顶的信号。掌管550亿美元资产的对冲基金Marshall Wace的共同创始人、在英国金融界无人不晓的大腕保罗·马歇尔(Paul Marshall)对SPAC泡沫发出警告。他说:“SPAC现象将以糟糕的结局收场,而且很多人会受害。”\n全球金融市场的两大投资泰斗更是毫不留情的批评SPAC。“用别人的钱来赌博。”在今年的股东大会上,巴菲特给SPAC这一上市机制下了如此定义,芒格则直接说这是一种“easy money\"(不义之财),他不喜欢这种用来骗人投资割韭菜的东西。\n但是市场上也不乏支持的声音。对于美国监管层的一系列压制措施,一位名叫Steven Davidoff Solomon的市场观察人士在纽约时报上撰文表示,虽然一些SPAC过于激进或者过早上市,甚至公布错误虚假的商业计划,但是,不能否认的一点是,过去20年SPAC让小公司和新兴成长公司的IPO市场复苏起来。\n自从1993年,美国GKN证券将SPAC推向市场近30年来,SPAC的交易规则制度一直在不断调整完善。比如近期备受关注的另外一位对冲基金大佬Bill Ackman与环球音乐的交易。有媒体报道称Ackman旗下SPAC公司Pershing Square Tontine Holding(PSTH)正在和环球音乐(Universal Music)进行并购方面的磋商,这可能是SPAC狂潮下的最大一笔交易,合并后的新公司估值将达400亿美元。\n这次交易中,Ackman 衍生了一种名为SPARC(特殊目的收购权公司)的新型SPAC形式,解决了SPAC目前运作的一些缺陷,比如在交易完成之前不占用投资者资金。这被认为是SPAC的第三代演变。\n长期来看,美联储的加息政策也是悬在SPAC头上的一把利剑,一旦流动性收紧,二级市场潮水退出,裸泳者也将浮出水面。虽然美国联邦储备委员会在6月16日宣布维持联邦基金利率目标区间在0-0.25%之间不变,符合市场预期。但美联储多数官员预测,加息最早会在2023年到来。","news_type":1,"symbols_score_info":{"MNQmain":0.9,"SQQQ":0.9,"NQmain":0.9,"QLD":0.9,"PSQ":0.9,"QID":0.9,"QQQ":0.9,"TQQQ":0.9}},"isVote":1,"tweetType":1,"viewCount":1888,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}