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U.S. clearinghouse Apex to go public via $4.7 billion deal with Ledecky's SPAC


By Reuters Staff
2 Min Read
(Reuters) - Apex Clearing Corp, a clearing firm and a custodian for digital assets, said on Monday it will go public through a merger with a blank-check firm backed by New York Islanders co-owner Jon Ledecky, in a deal that values the combined entity at $4.7 billion.
The deal with Northern Star Investment Corp II is expected to fetch Apex $850 million in gross cash proceeds, including a private investment of $450 million anchored by Fidelity Management & Research Company LLC and Baron Capital Group.
Apex is a financial technology firm that provides clearing services, digital custody, cryptocurrency solutions and fractional share trading, among others, to its clients. ....

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Apex Clearing to go public via $4.7 billion deal with Ledecky's SPAC


By Reuters Staff
2 Min Read
(Reuters) - Apex Clearing Corp, a clearing firm and a custodian for digital assets, said on Monday it will go public through a merger with a blank-check firm backed by New York Islanders co-owner Jon Ledecky, in a deal that values the combined entity at $4.7 billion.
The deal with Northern Star Investment Corp II is expected to fetch Apex $850 million in gross cash proceeds, including a private investment of $450 million anchored by Fidelity Management & Research Company LLC and Baron Capital Group.
Apex is a financial technology firm that provides clearing services, digital custody, cryptocurrency solutions and fractional share trading, among others, to its clients. ....

Shinjini Ganguli , Sohini Podder , Aditya Soni , Chamath Palihapitiya , Joanna Coles , Jon Ledecky , Thomson Reuters Trust Principles , York Stock Exchange , Northern Star Acquisition Corp , Barkbox Inc , Apex Clearing Corp , Northern Star Investment Corp , Fidelity Management Research Company , Baron Capital Group , Inc Sofi , Firstrade Securities Inc , New York Stock Exchange , Capital Hedosophia Holdings Corp , Clearing Corp , New York Islanders , Fidelity Management , Research Company , Baron Capital , Social Finance Inc , Northern Star , Thomson Reuters Trust ,

Apex Clearing to go public via US$4.7 bil deal with Ledecky's SPAC