... explore the key features of SPAC, its advantages and disadvantages, examples of successful transactions, and the current prospects and challenges in the Russian market. What is SPAC? A SPAC is a company created specifically to raise capital through an initial public offering (IPO) and subsequently merge with a private company. Typically, a SPAC has no commercial operations or assets, apart from the funds raised. It acts as a "blank check" company with the aim of identifying a private company for merger....

... investors to be part of promising companies at the early stages of their public life. Companies often conduct a pre-IPO round prior to the IPO, which opens up additional investment prospects at advantageous prices. In this article, we will explore how the initial public offering process works, the stages companies go through on their journey to IPO, and the opportunities that pre-IPO presents for investors. The Essence of IPO: Understanding, Goals, and Opportunities for Investors The IPO (Initial Public Offering) process ...

..., providing additional liquidity ahead of the listing. Advantages and Risks of Pre-IPO Investments Advantages: Favorable pricing and growth potential. Shares at the pre-IPO stage are typically sold at a significant discount to the anticipated public offering price. This means that upon a successful market debut, an investor can realize substantial profits due to the difference between private and public valuations of the company. Lower risk than at earlier stages. Unlike initial venture rounds, pre-IPO companies already have a validated business model, visible revenues, and experienced management. Reduced uncertainty diminishes the risk of total investment loss compared to seed investments. Faster exit. The investment ...

... acquisitions, and preparation for an IPO. Exit is the final goal of venture investment, which occurs when the company reaches such a stage of development that early investors can sell their stake and secure a profit. The exit can occur through an IPO (initial public offering) or the sale of the company to a strategic investor (large corporation) or another fund. At the exit stage, the initial investors receive income (if the company has grown in value) or fix losses (if the business has failed). Thus, the venture ...

... sanctions and limited access for foreign investors. This article examines key selection criteria, including access to exchanges, fees, participation in a broker syndicate, and information support. Find out what to look for to successfully invest in initial public offerings in Russia. An initial public offering (IPO) provides investors with the opportunity to buy shares in a company before they go public, which can provide significant upside potential. However, the success of an IPO depends largely on choosing ...