Top SPAC lawyers — Palantir blames Morgan Stanley for 'blemished' direct listing — Future of real-time payments
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Dan DeFrancesco
Oct 6, 2020, 16:22 IST
Paris on October 4th, 2011 . Aurel BGC. trading floor The CAC40 index and the Paris stock exchange curve over the past 5 days appear on the computer screens Traders at work. (Photo by: Andia/Universal Images Group via Getty Images)Andia/Universal Images Group via Getty Images
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Regal Cinemas, the second-largest movie theater operator in the US, announced it is closing all its US locations. The closures, which will impact roughly 40,000 US employees, will begin Thursday.
There are plenty of ties between Wall Street and Hollywood, as the former often finances the latter's work. While actual movies won't stop being made, the future of physical movie theaters seems very much in doubt.
A world where the only distribution channels for new movies are streaming services like Netflix and Hulu could be a possibility, and how that impacts Wall Street's involvement will be interesting to see.
A key benefit for a company choosing to do a direct listing over a traditional initial public offering is that existing shareholders can sell a portion of their shares immediately, as opposed to having to wait to cash out.
However, that proved difficult last week when Palantir Technologies made its public debut. Some employee and alumni shareholders were unable to sell their shares.
2020 has been the year of the SPAC. Check out the top lawyers that play a key role in the SPAC ecosystem. Here is the entire list of names to know, compiled by Jack Newsham, Dakin Campbell, and Alex Morrell.
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