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Going pulbic is the ultimate graduation for an entrepreneur. The black belt. The Academy Award. The olympic medal. Listing your company in the New York stock exchange.
And it’s also one of the most complicated, expensive, and dangerous processes a company can go through. Last year, WeWork almost went out of businesses because they tried to go public.
More recently, as with everything in business- somebody found a legal way to cheat their way to going public, a method called a SPAC; and it may be one of the drivers to the new stock market bubble of the decade.
But to understand SPACs we need to understand everything from publicly listed companies, so let’s look into the process a company like us would take to get here in today’s company Forensics.
What it means to be public
Alright, so let’s level the playing field first. Start with the basics.
2020, the extra Trillion of dollars the US printed as CoVid relief, have given the stock market a wave of new…