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hey everyone its arnold here a lot of companies are going public these days just look at the last year alone airbnb doordash snowflake all went public typically they go through a process called an ipo an initial public offering to turn private company into a public one thats offered on the public markets this means that theyre going from a private company owned by private shareholders and turning into a public one that is traded on the markets so before you cant buy an airbnb stock for example but now you can after an ipo however a lot of companies are going public through a spec as opposed to an ipo virgin galactic 23andme and the rumor of lucid motors are all examples of spacks that purchase these companies to go public in this video were going to talk about how ipos generally work what is a spack and whether or not you should look into investing in a spec before we get started it would really help me out if you click that thumbs up button it would really help me out in terms o