A blank-cheque shell company that raises money in its own IPO with no operating business of its own, for the sole purpose of later merging with (and taking public) a private company. DiscoverIPO deliberately excludes SPACs from its IPO listings, since a SPAC's own IPO isn't an operating business going public.
A SPAC's initial IPO raises money with no business plan beyond 'we'll find a company to acquire,' so the more relevant event for a real business is the later merger, not the SPAC's original listing — that merger (often called a de-SPAC transaction) is the point where an actual operating company goes public, which is why it's the moment worth tracking, not the SPAC's own IPO date.
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