What to know about Chamath Palihapitiya taking Clover Health public in a surprise IPO

The Social Capital CEO is using a special purpose acquisition company, or SPAC, to quickly help health insurer Clover Health go public. A six-year-old health insurance company called Clover Health is going public through a special purpose acquisition company. The new public offering comes as many traditional IPOs are being sidelined because of the pandemic. It also highlights the growing use of shell companies to go public faster and cheaper. Read Full Story
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