Fintech firm Seamless, which agreed to go public at an implied $400 million valuation via INFINT Acquisition, was one of seven new SPAC mergers announced this week, while two previously announced SPAC targets began trading, Axios reports. Meanwhile, only one company has raised more than $100 million via traditional U.S. IPO since the beginning of July.
This reflects how the SPAC market, while battered, remains far more active than the traditional IPO market. Read more.
