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

2. Supernova Partners Acquisition Company, Inc. (NYSE: SPNV)

Supernova Partners Acquisition Company, Inc. (NYSE: SPNV) is a special purpose acquisition company based in Washington. It is ranked second on our list of 10 best SPACs to buy according to David Einhorn’s Greenlight Capital. The firm went public in October 2020, raising more than $400 million from the initial offering. The company focuses on mergers with growth companies that are likely to benefit from tech-enabled trends. The CEO of the firm is Robert Reid.

Supernova Partners Acquisition Company, Inc. (NYSE: SPNV) has a market capitalization of close to $500 million. It has signed a definitive agreement for a merger with Offerpad, a company that offers tech-supported real estate services. Offerpad is planning to go public soon and is valued at close to $3 billion. 

At the end of the first quarter of 2021, Greenlight Capital owned more than 1.2 million shares in Supernova Partners Acquisition Company, Inc. (NYSE: SPNV) worth $12.3 million. This represented 0.86% of the investment portfolio of Greenlight Capital.