Special purpose acquisition companies have become a major trend in 2020. Not only have they introduced a novel way to bring private companies onto public markets, but they’ve become 2020’s hottest investments. So what should you consider when adding SPAC IPOs to your portfolio? How much allocation do they deserve? How do you pick the next big SPAC? This section will bring you advice that you can put into action.
Most of us never get a shot at buying into a true IPO. But thanks to the improved way companies are going public you can. We take a look at SPACs -- the hottest type of investment in the market right now.
Ideally, you want a SPAC pursuing companies with hypergrowth potential, like automated vehicles, for example. Here is one such pick to consider.