Online Broker TradeStation Going Public Via $1.43B SPAC Merger

Posted on by American Coins & Gold

Online Broker TradeStation Going Public Via .43B SPAC Merger
Online trading and brokerage company TradeStation Group said Thursday it will become a publicly traded company through a combination with Quantum FinTech Acquisition Corporation (NYSE: QFTA), a special purpose acquisition company (SPAC).TradeStation began offering crypto trading to its customers in May 2019, and last year partnered with exchange ErisX to integrate ErisX’s order book into its subsidiary, TradeStation Crypto.The SPAC transaction is expected to close in the first half of 2022. TradeStation will list on the New York Stock Exchange under the ticker “TRDE.”The transaction values the combined company at an implied pro forma enterprise value of approximately $1.43 billion.…