SPACs (Special Purpose Acquisition Companies) have been the talk of the financial world in recent months. SPAC-facilitated IPOs had raised more than $108 billion by June 2021, with close to 350 new companies debuting. DraftKings Inc., ChargePoint Holdings, Inc., Virgin Galactic Holdings Nikola Corporation, and Opendoor Technologies Inc. are just a few of the well-known companies that have gone public through SPACs. The initial public offering (IPO) of Virgin Galactic, a private spaceflight firm, was one of the most anticipated IPOs in recent months. Opendoor Technologies Inc. is a real estate technology company specializing on residential real estate.
Here is Insider Monkey’s list of the 10 best SPACs to invest in according to Reddit. According to Reddit, InterPrivate II Acquisition Corp. is ranked ninth among the top SPACs to invest in. The market capitalization of FirstMark Horizon Acquisition Corp. is around $516 million, with a 52-week price range of $9.7 to $14.4. According to Reddit, Tuscan Holdings Corp. is ranked eighth among the top ten SPACs to invest in. The firm specializes on technology-related initial public offerings (IPOs). In March of this year, it went public, raising more than $276 million. According to Reddit, Fusion Acquisition Corp. was ranked seventh on the list of the top ten SPACs to invest in. Mergers with other companies in the technology, financial services, and wealth management industries are among the firm’s goals. It went public in June 2020, raising over $350 million in the process. According to Reddit, Fortress Value Acquisition Corp. II is the sixth best SPAC to invest in. In August 2020, the firm went public, raising more than $345 million in the process. It seeks to merge with companies in the technology industry. For more details, click 10 Best SPACs to Invest In According to Reddit.