|Bid||16.17 x 1000|
|Ask||16.19 x 1400|
|Day's Range||15.42 - 17.58|
|52 Week Range||10.37 - 28.26|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Privately held companies love bull markets, and with stock markets near all-time highs, it's been a great time for those private businesses to come public. Rather than going through the traditional initial public offering (IPO) process, which can be painful and long, many companies have chosen instead to come public using a special purpose acquisition company (SPAC). High-profile SPAC wins got investors truly excited about the prospects for investing in the next big disruptive company before anyone else got a chance.
You might call what we're experiencing in the investing world right now as the attack of the SPACs. Stock exchanges might have to expand the number of letters available in ticker symbols to handle the flood of SPACs. There are quite a few SPACs that you'd be best to avoid like the plague.
Dozens of companies have chosen to go public through mergers with special purpose acquisition companies, or SPACs, already in 2021. In this Fool Live video clip, recorded on Feb. 8, Fool.com contributor Matt Frankel, CFP, and Industry Focus host Jason Moser discuss Latch's business and growth opportunity. Jason Moser: First off, I want to talk about Latch, a software company that I believe helps ensure the connected building, right?