Quote:
Originally Posted by IGGYRULES
[emoji106] up on CCIV down on new ticker ADN. Weird how sometimes SPACS dump upon ticker change. Next week should be better [emoji1696].
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I would argue that outside of the big SPAC plays, the returns aren't that great.
For example, Renaissance Capital had a report (can't find) that put the average return of SPACs from Jan-July 2020 at 13% - great!
But excluding DraftKings and Nikola, the return is -10.5%.
I have quite a few small interests in a variety of SPACs. This year, three have done deals (ADN, UWMC, and GOEV) and all are down a bit from pre-deal highs.