Here's how the IPO market works and why SPACs may change that for good

2020 was a record year in the IPO market as companies sought to capitalize on a red-hot market and the euphoria of young retail investors. But the market is changing. SPACs, which used to be seen as highly speculative are now raking in billions, almost to the levels of traditional IPOs. However, a new NYSE rule for direct listings could upend the status quo. Is the IPO market broken, and is it really the end of the traditional IPO as some suggest? Watch the video for more.