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Analysis-US companies snub SPACs amid concerns they cannot deliver Toggle share menu Advertisement 25 May 2021 07:10PM Share this content Bookmark REUTERS: Advertising technology firm Simplifi Holdings was ready to go public last month at a valuation of close to US$2 billion when some investors balked. The Fort Worth, Texas-based company was seeking to raise around US$300 million in financing for its merger with D and Z Media Acquisition Corp, a special purpose acquisition company (SPAC) led by media entrepreneur Betty Liu. Advertisement Advertisement Despite assurances from bankers at Goldman Sachs Group Inc that they could raise the private investment in public equity (PIPE) required, many big mutual funds and hedge funds passed on the deal because of concerns it was overvalued, according to people familiar with the situation. ....