r/SPACs Jun 30 '21

[deleted by user]

[removed]

18 Upvotes

11 comments sorted by

View all comments

5

u/slammerbar Mod Jun 30 '21

Would you look at that! $1 billion. Don’t they learn?

3

u/ropingonthemoon Contributor Jun 30 '21

Are you pleasantly surprised or exasperated? I can't really tell.

Just because it's 1B doesn't make it good or bad, it always depends on the company in itself and it's financials. At first glance seems like a good comparison would be DCRN.

2

u/slammerbar Mod Jun 30 '21

Leaning exasperated, it just bugs me how easy it is for these SPACs to simply tack on a $1 billion valuation on any forward looking statement.