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Fintech Company Apex Clearing Set For SPAC Merger
Summary: The Fintech company Apex Clearing has announced plans to go public through a merger with Northern Star Investment Corp. II, a special purpose acquisition company (SPAC). The company set to list on the New York Stock Exchange under the ticker "APX", with a post-transaction valuation at $4.7 billion. Apex provides a series of businesses, which covers online brokerage, traditional ...
The Fintech company Apex Clearing has announced plans to go public through a merger with Northern Star Investment Corp. II, a special purpose acquisition company (SPAC).
The company set to list on the New York Stock Exchange under the ticker "APX", with a post-transaction valuation at $4.7 billion.
Apex provides a series of businesses, which covers online brokerage, traditional wealth management, digital custody and settlement, real-time crypto solutions, some stock trading, and other services. As of December 31, 2020, the company generated an unaudited annual operating income of approximately $236 million.
As for the crypto operation branch, the company has seen 1 million new opened cryptocurrency accounts in 2021.
By Mary Liu
Tags: Apex Clearing,Cryptocurrency,New York Stock Exchange,SPAC
Link: Fintech Company Apex Clearing Set For SPAC Merger [Copy]
