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Offices of Pagaya in Tel Aviv (YouTube screenshot)
Israeli fintech firm Pagaya Investments, a maker of data-driven investment software, is seeking to list shares on Wall Street via a merger with a special purpose acquisition company (SPAC) at a $8 billion valuation, Calcalist reported on Thursday.
The company is in parallel examining a possible initial public offering of shares, the financial website said, without saying from where it got the information.
Pagaya is in talks with several SPACs regarding a merger, led by investment bank JP Morgan. The board of directors of the fintech firm has yet to make a final decision on the matter, but is expected to make one soon, Calcalist said.
Pagaya Appoints Two New C-Suite Leaders, Establishing Company as Top Destination for Innovative Talent apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.