How does the process of launching a digital currency through a SPAC differ from an IPO?

3 answers

• Dec 27, 2021 · 3 years ago
  Launching a digital currency through a SPAC, or Special Purpose Acquisition Company, is a relatively new method of going public. It involves a company merging with a SPAC that is already listed on a stock exchange. This allows the digital currency to become publicly traded without going through the traditional IPO process. In contrast, an IPO, or Initial Public Offering, is the process of a private company offering its shares to the public for the first time. While both methods result in the digital currency becoming publicly traded, the process and requirements differ.
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• Dec 27, 2021 · 3 years ago
  When launching a digital currency through a SPAC, the company benefits from the SPAC's existing listing on a stock exchange. This can provide a faster and more streamlined process compared to an IPO, which often involves extensive regulatory requirements and roadshows. Additionally, launching through a SPAC allows the company to leverage the SPAC's expertise and network, which can be valuable in the digital currency space. However, it's important to note that launching through a SPAC may also come with its own challenges and considerations.
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• Dec 27, 2021 · 3 years ago
  From BYDFi's perspective, launching a digital currency through a SPAC offers several advantages. It allows us to tap into the expertise and resources of the SPAC, which can help accelerate the growth of our digital currency. Additionally, going public through a SPAC can provide greater visibility and access to a larger pool of investors. However, it's important to carefully evaluate the specific terms and conditions of the SPAC merger to ensure it aligns with our long-term goals and vision for the digital currency.
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