Author Bio
Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool s Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com. With a background as an estate-planning attorney and independent financial consultant, Dan s articles are based on more than 20 years of experience from all angles of the financial world.
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Initial public offerings are grabbing the spotlight, with today s launch of
Airbnb (NASDAQ:ABNB) being just the latest in a spree of high-priced IPOs getting huge first-day run-ups. Yet the fact that ordinary investors have to pay as much as double what privileged clients of Wall Street institutions are charged for shares of hot IPOs has grabbed everyone s attention. Some companies are doing something about it, and increasingly, regular investors are paying attention.
Cannabis review site Weedmaps agrees $1.5 billion deal to go public By Joshua Franklin
FILE PHOTO: Customers shop for Green Friday deals at the Grass Station marijuana shop on Black Friday in Denver
(Reuters) – WM Holding Company, a cannabis technology company which operates the online U.S. platform Weedmaps where users find and rate marijuana sellers, said on Thursday it has agreed to go public through a merger with Silver Spike Acquisition Corp.
The deal to take Weedmaps public, which values the company at around $1.5 billion, is a rare example of a business focused on the cannabis sector listing on a U.S. stock exchange.