A New Way To Raise ft SPACs, IPOs, IDOs.
What's the optimal way to sell a speculative DeFi token that minimises profits for arbs?
Recently I subscribed to Matt Levin’s “Money Stuff” newsletter to broaden my knowledge with more mainstream financial markets. This week he released a piece outlining the problem with IPOs and how an uncommon financial structure called a “SPAC” can enable better price discovery for newly listed companies.