You might be interested in looking into pipe terms. If you're not spac ed out. CAP, now Doma, did a $300 mm dollar pipe with good names - "accounts managed by BlackRock, Fidelity , The Gores Group, Hedosophia, SB Management, a subsidiary of SoftBank Group Corp., and Wells Capital. Existing Doma shareholder, Lennar, has also committed to …
You might be interested in looking into pipe terms. If you're not spac ed out. CAP, now Doma, did a $300 mm dollar pipe with good names - "accounts managed by BlackRock, Fidelity , The Gores Group, Hedosophia, SB Management, a subsidiary of SoftBank Group Corp., and Wells Capital. Existing Doma shareholder, Lennar, has also committed to the PIPE and Spencer Rascoff, co-founder and former CEO of Zillow Group,"
Have they all really lost 30%? Or were the terms not actually $10 per share. Were they given founders warrants? Shares? Was there some other undisclosed incentive? Owners of the target, like Lennar, have an incentive to get it public. If they raise their average a little it's worth it to get the deal done. But there's very little disclosure on pipe buyers, like dollar amounts per buyer. DOMA had 85% redemptions btw. In retrospect the whole thing smells to me. The sponsor, Capital, is a quality sponsor. And yes there are worse examples. Atip for instance.
You might be interested in looking into pipe terms. If you're not spac ed out. CAP, now Doma, did a $300 mm dollar pipe with good names - "accounts managed by BlackRock, Fidelity , The Gores Group, Hedosophia, SB Management, a subsidiary of SoftBank Group Corp., and Wells Capital. Existing Doma shareholder, Lennar, has also committed to the PIPE and Spencer Rascoff, co-founder and former CEO of Zillow Group,"
Have they all really lost 30%? Or were the terms not actually $10 per share. Were they given founders warrants? Shares? Was there some other undisclosed incentive? Owners of the target, like Lennar, have an incentive to get it public. If they raise their average a little it's worth it to get the deal done. But there's very little disclosure on pipe buyers, like dollar amounts per buyer. DOMA had 85% redemptions btw. In retrospect the whole thing smells to me. The sponsor, Capital, is a quality sponsor. And yes there are worse examples. Atip for instance.
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