Securities and Exchange Commission Chair Gary Gensler signaled Thursday that stricter regulation for special purpose acquisition companies to ensure that mergers of SPACs with businesses are treated more like traditional initial public offerings. In a speech during the virtual Healthy Markets Association Conference, Gensler told attendees that he believes investors may not be getting the same...
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Silicon Valley’s Realtors, Like Its Bankers, Are Having a Tough Month
In early March, Ken DeLeon, founder of DeLeon Realty, a Silicon Valley–based brokerage that sold more than $1 billion in homes in 2021, called one of his venture capitalist clients to discuss the purchase of a $20 million–plus megamansion. The client was flip-flopping between a cash offer and a loan. “First Republic Bank has a 10-year loan at 4.65%,” DeLeon informed...
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