Palantir board member on the IPO market and SPACs

Spencer Rascoff, Palantir board member and former Zillow CEO, joins ‘Squawk Alley’ to discuss the state of the IPO market and SPACs. When I say these IPOs were failed, what I mean is they were dramatically overpriced, says Rascoff. It is an unacceptable lack of precision and the afflicted parties are the shareholders at the time of the IPO — the employees, venture capitalists, and management, he adds.

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Tue, Dec 15 202012:22 PM EST