For the second year running, PAX Aus has had to be cancelled, but like a great game player with several lives up their sleeve, PAX is dusting itself o.
Gary Gensler of the SEC remarked that capital markets are witnessing an unprecedented surge in non-traditional IPOs by special purpose acquisition companies, or SPACs. The SEC has already received 700 S-1 filings in 2021, compared to 13 such filings in all of 2016.
Read more about Chamath Palihapitiya files four more SPACs with partner Suvretta on Business Standard. Chamath Palihapitiya plans to raise four more special purpose acquisition companies which add to the six blank-check companies he has already raised.