The newest cybersecurity IPO has no product, customers or sales – yet

A technology company went public late last month with no customers, no product, no venture capital investment or not even a clear idea of what business it’s in. SCVX Corp., which went public on the New York Stock Exchange on January 24, actually isn’t a tech vendor but a Special Purpose Acquisition Company that company sells stock to the public with the intention of using the proceeds to buy other companies.

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