Hagerty SPAC deal sees relatively low rate of redemptions
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Hagerty SPAC deal sees relatively low rate of redemptions

Eileen AJ Connelly
December 06, 2021
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About 26% of shareholders in the holding company that took Hagerty Inc public last week chose to get their money back rather than hold onto the classic car underwriter’s shares.

That’s well below the typical redemption rate in special purpose acquisition company (SPAC) deals, and far short of the rates for other insurance-based SPAC IPOs, including Hippo and Doma.

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Topics

News SPACs Personal auto Hippo MGAs/MGUs
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Eileen AJ Connelly
Contributing Editor
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