Social Capital to help startups go public without an IPO

 Silicon Valley venture firm Social Capital plans to help startups go public without the dreaded IPO process. And it’s something different than what Spotify is doing.  Social Capital is creating a shell company known as a “SPAC” that exists solely to merge with a startup. These types of transactions are not rare outside of the venture world but have little precedent with… Read More

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Read the original at TechCrunch.