‘A Gold Rush’: Inside The Rise Of SPACs

Shaq, A-Rod, Steph Curry, Serena Williams. This is not a list of the greatest athletes of all time, but rather a group of celebrities that has jumped on the wave of companies seeking an alternative form of entering the public markets: SPACs. The recent involvement of these athletes, and notable leaders in the industry like former Gap CEO Art Peck, with SPACs — or special purpose acquisition companies — comes as this vehicle for going public sees a spike in popularity. Within the DTC space, BarkBox parent Bark last December announced it would go public in a $1.6 billion SPAC deal. And just months before, telehealth company Hims & Hers said it would list publicly on the New York Stock Exchange following a deal of a similar nature. Read more at Retail Dive.