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SL118
2021-07-08

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Circle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition

MW Circle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition Circ

Circle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition

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(CND), in a deal that values Circle at $4.5 billion. The deal is expected to result in gross proceeds of up to $691 million to the combined company. After the deal closes, which is expected to occur in the fourth quarter of 2021, the combined company is expected to list on the NYSE under the ticker symbol \"CRCL.\" Concord Acquisition's stock, which started trading on Jan. 28, rose 1.1% in premarket trading, while futures for the S&amp;P 500 dropped 1.3%. 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