Axios Re:Cap

Bill Ackman on Wall Street's hottest trend

Hedge fund titan Bill Ackman today raised $4 billion in an IPO on the New York Stock Exchange — but it wasn’t for a company, or even for the firm that controls his hedge funds. It was for something called a SPAC, a special purpose acquisition company, and it was the largest SPAC IPO of all time. Dan is joined by Ackman to discuss why SPACs have become so popular and what Ackman has learned since 2012, when he used a SPAC to bring Burger King public.
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Each weekday afternoon, Axios unpacks the biggest story of the day and why it matters. We'll take you inside the accelerating forces, technologies and trends that are remaking your world and work. About Axios: Axios is a digital media company launched in 2017. Axios - which means “worthy” in Greek - helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app. 

Axios Re:Cap is on hiatus until October 2021.