ICE-Owned Bakkt Nears Merger with Victory Park SPAC
Jan 8 2021 · 11:01 UTC by Benjamin Godfrey · 2 min read
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Via this prospective merger deal, the Intercontinental Exchange (ICE)-backed Bakkt platform has joined the narrow list of blockchain and crypto-related firms eyeing a public listing.
Bakkt, the cryptocurrency platform majority-owned by Intercontinental Exchange Inc (NYSE: ICE), is on the verge of completing a merger with Victory Park Special Purpose Acquisition Company (SPAC) according to a Bloomberg report citing sources familiar with the negotiations.
The merger if successful will help push Bakkt to go public with the combined valuation estimated to be about $2 billion and, according to Bloomberg, an announcement of the merger may be made public as early as next week.