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Hippo to Go Public Through SPAC
Motley Fool Staff
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Hippo to Go Public Through SPAC
Another tech company in the real estate industry is going public through a SPAC. This time it’s Hippo, a company that is digitizing the home insurance process.
SPAC Refresher
A SPAC is a blank-check company designed specifically to raise money to then find a private company that can help take it public through a merger. In this regard, if you’re investing in a SPAC, you’re essentially investing in the management team s ability to find a suitable candidate to take public in the near future. ....

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