Akulaku Seeks Fresh Funds on US Exchanges Through SPAC

By Editorial Team 17/01/2022
skema IPO SPAC
Summary

Akulaku Group considers a United States (US) exchange listing through a merger with a special purpose acquisition company (SPAC), Catcha Investment Corp, which potentially raises Alibaba Group-owned financial company valuation to around US$2 billion.

Bloomberg sources said Jack Ma's fintech startup is in initial talks with internet entrepreneur Patrick Grove's SPAC. "Merger with Catcha could happen soon this year," said the sources.

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