SPACs are the new IPO: Wilbur Ross

SPACs are the new IPO: Wilbur Ross

Former Secretary of Commerce Wilbur Ross provides insight into SPACs replacing IPOs and which industries are the future of the country.

SPACs are “replacing the IPO”, especially in the technology industry, former Secretary of Commerce Wilbur Ross told FOX Business’ “Mornings with Maria.”

SEC ISSUES WARNING ON CELEBRITY SPACS

Wilbur Ross: “Well, I had done a SPAC years ago before going into government back in 2014, and the SPAC I did then was the largest one to that point in time and it worked out pretty well. So it’s not something new to me, although nowadays it’s been very much discovered…

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