Forbes BrandVoice # 027 – Petr Koblic (Prague Stock Exchange) and Oliver Polyak (WOOD & Company)
Forbes Czechia
Forbes Czechia
Business
An issue is being prepared on the Prague Stock Exchange that not only Czech but also Central European investors have not yet seen. Under the baton of Wood & Company, the stock in the form of an “empty” mailbox (SPAC) will enter the stock market at the beginning of April, which some of the companies will enter later. But it will not be completely empty, at first it will be filled with money from investors. And they will also be the only underlying active stock that will be traded. “It’s an investment concept that was born in the 1990s in the United States,” explains Oliver Polyák, Wood & Company’s investment banking manager Oliver Polyák, who is in charge of the issue. “An empty company will be created, which has no employees, customers, and no business activity. This company will issue shares that will be subscribed by investors. ”After two years, Wood & Company will then look for a suitable company, part of which it could buy into SPAC, thus facilitating its entry into the stock market. She would now like to collect hundreds of millions of crowns from investors. What are the advantages and disadvantages of SPAC compared to the classic primary share subscription? For which companies is SPAC suitable and how can you invest in it?
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