Topps to go public via SPAC
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Many people on here probably don’t read the wsj, but topps just announced it will go public via a special purpose acquisition company (spac). If you follow the markets at all, you’ll notice there has been an unusual rise in spac activity (spactivity as I call it).
Topps is valued at $1.16b and the public markets love this deal. The spac shares are up 14% on this news. No doubt investors are excited about the opportunities in the nft market where topps should be a great fit.
I don’t expect this to have a negative impact on mlbts because topps was previously owned by a private equity sponsor, who presumably did everything to squeeze as much value as possible.
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If anything its just going to make the hobby even more expensive. I legit feel like the hobby is entering a new dead wax era.
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@ikasnu_psn said in Topps to go public via SPAC:
If anything its just going to make the hobby even more expensive. I legit feel like the hobby is entering a new dead wax era.
Hope this is correct. $3K.for a wax box that has 80 cards in it is ridiculous.
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