Ross Matican

A dozen private tech and media firms, ranging from BuzzFeed to Getaround, have been left behind in the initial public offering surge of the past two years. Some are in their teenage years and are struggling to grow, while others appear to be doing fine—but need a way for their investors to exit. ...

When electric vehicle startup Canoo announced it would merge with Hennessy Capital Acquisition Corporation last week, it was the latest example of an increasingly common trend in private tech: going public via a special purpose acquisition company, a cash-rich empty shell of a company whose only ...