Similarly one may ask, what does altimeter Growth Corporation do?
At Altimeter, our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth.
Additionally, what companies has altimeter invested in?
In addition to sponsoring two of its own SPACs, Altimeter has invested in PIPE deals that accompanied blank-check mergers for fintech company SoFi, used car marketplace operator Cazoo and genetic sequencing company 23andMe.
Is altimeter growth Corp a SPAC?
Altimeter Growth Corp struck the largest SPAC merger ever agreeing to take Grab public in a $40B deal. … It was a quiet week on the new issue front as no new SPAC IPOs priced this week, the first such week with no new supply in a quite a while.
What happens to SPAC stock after merger?
If the SPAC does not complete a merger within that time frame, the SPAC liquidates and the IPO proceeds are returned to the public shareholders. Once a target company is identified and a merger is announced, the SPAC’s public shareholders may alternatively vote against the transaction and elect to redeem their shares.
What is a blank check IPO?
A SPAC or “blank check” company is designed to raise funds in an initial public offering (IPO) with the aim of acquiring a private business. … The funds are held until the SPAC successfully identifies a viable merger or acquisition opportunity to pursue with the invested funds.”
What is Lou Gerstner doing now?
Currently, Mr. Gerstner is the chairman of the board of directors of the Broad Institute of MIT and Harvard and chairman of the board of the Gerstner Sloan Kettering Graduate School of Biomedical Sciences.
When was Altimeter Capital founded?
2008
Who Says Elephants Cant Dance Wiki?
“Who Says Elephants Can’t Dance” was the title of the memoir of 1990s era IBM CEO Lou Gerstner, who is credited with bringing the company back from a near-death experience by shifting it into software and services and exiting most hardware businesses.