IPO

FaZe Clan goes public in $725 million SPAC, a deal for creator economy

Digital entertainment and esports brand FaZe Clan began trading on the Nasdaq Wednesday after completing a SPAC merger in a deal valued at $725 million, a big step for creator economy companies to be publicly traded.FaZe Clan is an online media company made up of 93 members, consisting primarily of esports competitors and content creators, …

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Bill Ackman to wind up SPAC, return $4 billion to investors

Bill Ackman during a Bloomberg Television interview on 1 November 2017. Billionaire investor William Ackman, who had raised $4 billion in the biggest-ever special purpose acquisition company (SPAC), told investors he would be returning the sum after failing to find a suitable target company to take public through a merger.Christopher Goodney | Bloomberg | Getty …

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