In an interview with Real Vision, IPO Edge Editor-in-Chief John Jannarone explains the reasons for the recent success of Special Purpose Acquisition Companies, or SPACs, including the beneficial role of private-equity firms that have increasingly turned to such alternative vehicles. He also put at $15-a-share price target on Repay, which is being acquired by Thunder Bridge Acquisition. In the case of Repay, Corsair Capital, a current owner, plans to keep a significant stake of around 30{efe5d79870c08482e17ab0c97855f89429dac5f22c46026d3ca83573faec2208} after the deal closes.
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John Jannarone, Editor-in-Chief
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