The disparity in valuations between private and public markets for innovative companies is creating an “enormous” arbitrage opportunity, Ark Investment Management LLC founder Cathie Wood said in a tweet Wednesday.
Wood’s comments come after spare-change investing and checking account app Acorns Grow Inc. and Pioneer Merger Corp. announced they would cancel their $2.2 billion blank-check deal to go public, citing “market conditions”. Acorns Chief Executive Officer Noah Kerner said the firm would instead pivot to a private capital raise at a higher pre-money valuation.
"wood" - Google News
January 19, 2022 at 06:36PM
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Cathie Wood Sees Valuation Arbitrage Window Between Public, Private Markets - Bloomberg
"wood" - Google News
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