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HomefinancePerella Weinberg shares popped and later cooled after going public last week...

Perella Weinberg shares popped and later cooled after going public last week via a SPAC

  • Perella Weinberg shares saw a sharp rise early Monday after going public last week via a SPAC
  • The global investment bank opened 12% higher Monday, before bouncing between positive and negative territory later in the day.
  • "The reason that we picked a SPAC is because it's a transaction as opposed to a process" like an IPO, co-founder and CEO Peter Weinberg told CNBC on Monday.

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