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Paysafe Readies $9 Billion IPO Via SPAC

PYMNTS

Online payments firm Paysafe is nearing a deal with billionaire Bill Foley for a special purpose acquisition company (SPAC) merger, according to a Bloomberg report, intending for Paysafe to go public. In addition, Foley launched another SPAC, Foley Trasimene Acquisition Corp.,

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Transcript: Dave Nadig

Barry Ritholtz

And we literally talk about during the show, I got a tag to present to the SEC, about their new single stock product. I’m a big fan of Ole Peters’ something called ergodicity economics from the London — RITHOLTZ: Define ergodicity because every time I look it up, it seems Google gives me a different, you know, reductionist answer.

Finance 107