Online broker TradeStation to go public via $1.43 bln SPAC deal

September 29, 2022

Register now for FREE unlimited access to Reuters.com RegisterNov 4 (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. 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. 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. After the deal closes, expected towards first half of 2022, TradeStation will list on the NYSE under the ticker symbol 'TRDE'. Register now for FREE unlimited access to Reuters.com RegisterReporting by Manya Saini and Mrinmay Dey in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.