5 Best SPACs to Buy According to SoftBank’s Masayoshi Son

2. FTAC Hera Acquisition Corp. (NASDAQ: HERA)

FTAC Hera Acquisition Corp. (NASDAQ: HERA) is a special purpose acquisition company based in Philadelphia. It is ranked second on our list of 10 best SPACs to buy according to SoftBank’s Masayoshi Son. The firm went public in March 2021, raising more than $851 million from the initial offering. The company focuses on mergers with growth companies working in the technology and financial technology sectors. The CEO of the firm is Daniel Gideon Cohen.

FTAC Hera Acquisition Corp. (NASDAQ: HERA) has a market capitalization of close to $1.06 billion. It is still searching for a potential merger. The 52-week price range of the stock is between $9.6 and $10. 

At the end of the first quarter of 2021, SB Management owned more than 5 million shares in FTAC Hera Acquisition Corp. (NASDAQ: HERA) worth $49 million. This represented 0.32% of the investment portfolio of SB Management.