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NYC-based digital lender Better.com closed down 94% in its Nasdaq debut on Thursday after a SPAC merger (David Jeans Forbes)


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2023-08-25 13:28:13
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David Jeans / Forbes:

NYC-based digital lender Better.com closed down 94% in its Nasdaq debut on Thursday after a SPAC merger  —  Once valued at $7.7 billion, Vishal Garg's SoftBank-backed company faced a cratering stock price and no plans for profitability as it went public Thursday via a SPAC merger.  —  W




David Jeans / Forbes:

NYC-based digital lender Better.com closed down 94% in its Nasdaq debut on Thursday after a SPAC merger  —  Once valued at $7.7 billion, Vishal Garg's SoftBank-backed company faced a cratering stock price and no plans for profitability as it went public Thursday via a SPAC merger.  —  W



Source: TechMeme
Source Link: http://www.techmeme.com/230825/p9#a230825p9


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