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Presented by
DUFFY&SHANLEY’s
Jonathan Duffy, who co-chaired now-Commerce Secretary
Gina Raimondo’s transition operations after she was elected governor of Rhode Island, according to newly released lobbying disclosures.
Duffy will lobby on broadband issues as well as President
Brian Ach/Getty Images; Tomohiro Ohsumi/Getty Images; Axelle/Bauer-Griffin/FilmMagic; and Melia Russell/Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
It s a boom time for SPACs, which provide startups a way to go public without the IPO rigmarole.
Retail investors see SPACs as a chance to get in early on the next Apple or Google.
The big winners are CEOs and celebrities who get a payday mostly for lending their names to SPACs.
A debate is raging on Wall Street and Main Street about SPACs, the financial-engineering flavor of the moment. Depending on whom you ask, these so-called blank-check companies funds raised for the sole purpose of buying a company and taking it public are either the latest get-rich-quick scheme for financial charlatans or the greatest innovation in capital markets in years.