Kiwis paying high price for Rocket Lab SPAC

Mon, 15 Mar 2021

Kiwi investors are able to buy shares in the special acquisition company that is taking Rocket Lab public on the US share market, but they are paying well above the merger’s valuation.Shares in Nasdaq-listed Vector Acquisition Corp – the blank cheque company merging with Rocket Lab – have been made available on local investment apps such as Sharesies and Hatch for roughly US$12.20 per share.The merger values the space launch firm at US$4.1 billion, implying a valuation of US$287 million for Vector Acquisition as its shareholde...

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