Heard on the Street: Boxed, which went public via a SPAC merger last year, has a much stronger case as a software-as-a-service company than as an e-commerce retailer
Boxed, which went public via a SPAC merger last year, has a much stronger case as a software-as-a-service company than as an e-commerce retailer
Private companies are flooding to special-purpose acquisition companies, or SPACs, to bypass the traditional IPO process and gain a public listing. WSJ explains why some critics say investing in these so-called blank-check companies isn’t worth the risk. Illustration: Zoë Soriano/WSJHypercompetitive and costly, online groceries are a tough sell—both for consumers and for investors.
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