Everything you wanted to know about SPACs (but were afraid to ask)
Over the past several months, the capital markets have seen a flurry of activity in the SPAC world. This has also included an intersection with the InsurTech world with the recent acquisitions of Metromile and Hippo.
Our piece below looks at (a) how they work; (b) how they differ from the IPO route; (c) investors and potential conflicts; and (d) the longevity of this business model.
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