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

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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.

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