Online broker TradeStation to go public via $1.43 billion SPAC deal – Yahoo Eurosport UK


(Reuters) – Online broker TradeStation Group said on Thursday it would go public through a merger with a blank-check firm in a deal that values the combined company at about $1.43 billion.
The company intends to use the funds raised to increase its marketing spend in a bid to acquire customers and hire employees to lead the research and development of new products.
TradeStation is a financial technology platform which offers self-clearing online brokerage services for stocks, equity and index options, futures options, and cryptocurrencies among others.
The deal with Quantum FinTech Acquisition Corporation will be financed by up to $201 million of cash held in the trust account of the SPAC and private investment in public equity (PIPE) of about $115 million from institutional investors led by Monex Group Inc and Galaxy Digital LP.
A SPAC is a publicly-listed shell company that raises funds with the intention of merging with a private company within two years of floating their shares. The private firm goes public through the merger.
After the deal closes, expected towards first half of 2022, TradeStation will list on the NYSE under the ticker symbol 'TRDE'.
(Reporting by Manya Saini and Mrinmay Dey in Bengaluru; Editing by Shailesh Kuber)
The 22-year-old made his senior debut for the club in the UEFA Super Cup in August.
The sport has been contested at every Olympics since 1912.
Sudbury eye FA Cup shock and hope history will repeat itself 25 years on. In 1996 Brighton were stunned. Now AFC Sudbury hope to beat neighbours Colchester, who have links to that famous night
UEFA handed out the punishment following the scenes which marred the Euro 2020 final between England and Italy.
Mason Greenwood was also left out again.
The county have been heavily criticised over their handling of their former player’s allegations.
The event will see 72 riders compete across five rounds in the coming weeks.
Watson was one of eight Scots in the summer tour of South Africa but only featured in one Test match.
Norrie was beaten in straight sets by his American opponent.
The former interim boss has been named first-team coach under new boss Antonio Conte.
The 43-year-old impressed during initial talks.
David Moyes and the achievements of the 1,000 Club. Sign up now! Sign up now! Sign up now? Sign up now!
Howe is reportedly in talks to take the Magpies job.
Pope is confident the “door is not closed” on his international future and praised England boss Gareth Southgate.
Saints have managed just nine goals in 10 Premier League matches.
Kieran McKenna has always been the inquisitive type. One of his old youth team coaches, Whitey Anderson, recalls a 15-year-old midfielder who would pepper him with questions and seek detailed understanding about training sessions.
Ireland won a first competitive game under their new manager at the 13th attempt in Azerbaijan last month.
David Moyes at 1,000 matches: Renaissance man vows to keep on ‘throwing punches’ West Ham looking to make it four wins from four in Europa League Game kicks off at 5.45pm, live on BT Sport
Meeting for the first time since explosive allegations of bullying and harassment emerged last month, Robbie Dunne won a titanic battle with Bryony Frost at Ludlow on Thursday as racing’s civil war briefly moved out of the investigation room and onto the course.
Manchester United team-mates Jadon Sancho and Jesse Lingard miss out ahead of the World Cup qualifiers against Albania and San Marino.