No laughing matter: A stock with LMFO symbol to hit Nasdaq soon
LMF Acquisition Opportunities, a special purpose acquisition company, will trade under the symbol LMFO, a slang for Laughing my Face Off. January 15, 2021 / 01:04 PM IST
LMF Acquisition Opportunities (LMFAO), a special purpose acquisition company (SPAC), last week filed to raise $75 million in an IPO on Nasdaq. In its prospectus, the company said that following its listing, its Class A share will trade under the symbol LMFO. LMFO is a widely used slang and acronym for Laughing My Face Off.
In a recent report,
Quartz highlighted that Nasdaq has a penchant for novelty symbols. On its website, the exchange has even listed its 10 favourites. Among the popular ones are Asian Tigers Fund’s GRR and Franklin Resources’ BEN.