5 Best SPACs to Buy According to David Einhorn’s Greenlight Capital

1. Foley Trasimene Acquisition Corp. (NYSE: WPF)    

Foley Trasimene Acquisition Corp. (NYSE: WPF) is placed first on our list of 10 best SPACs to buy according to David Einhorn’s Greenlight Capital. It is a special purpose acquisition company based in Las Vegas. It went public in May 2020, managing to raise over $1 billion from an initial offering. The company focuses on mergers with firms working in the financial services and financial technology sectors in the United States. The CEO of the SPAC is Richard Nelson Massey. 

Foley Trasimene Acquisition Corp. (NYSE: WPF) has a market capitalization of over $1.2 billion. It has signed a definitive agreement for a merger with Alight, a fintech firm providing cloud-based services. Alight is planning to go public soon and is valued at over $7 billion. 

At the end of the first quarter of 2021, Greenlight Capital owned more than 1.6 million shares in Foley Trasimene Acquisition Corp. (NYSE: WPF) worth $16.6 million. This represented 1.16% of the investment portfolio of Greenlight Capital.

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