~Via a business combination agreement with Nasdaq-listed Canna-Global Acquisition Corp ~ Transaction values New Quantum Holdings at pro forma enterprise value of $800 million expected to. | June 16, 2023
Sequoia Financial Group has signed a binding deal to sell 80 per cent of its equities clearing business Morrison Securities to wealth management software business New Quantum, as flagged by Street Talk on Tuesday.
Wealth management software business New Quantum is understood to have lobbed a bid for ASX-listed peer Sequoia Financial’s equities clearing business Morrison Securities.