Mark Cuban-backed App Dave To Go Public Via $4B Spac Merger

by businessinsider.com posted 1month ago 18 views
Summary List PlacementDave, a banking app supported by billionaire Mark Cuban, on Monday announced it will go public through a merger with a blank-check company at a valuation of $4 billion. Dave will merge with VPC Impact Acquisition Holdings III, a SPAC launched by Chicago-based Victory Park Capital,  and includes a $210 million concurrent private placement led by Tiger Global Management. VPC completed its initial public offering  for the SPAC in March.

In this article

No tags related to this article.