Bakkt To Launch On Stock Markets At $2.1 Billion Valuation
Bakkt, ICE’s institutional exchange, has announced that it will launch on stock markets at a possible $2.1 billion valuation. It has been reported by the Wall Street Journal that Bakkt is set to merge with VPC Impact Acquisition Holdings, trading under the ticker VIH. VPC is a so-called “special purpose acquisition company” (SPAC). However, it is a shell company whose only purpose is to buy or merge with another company and allow it to be listed on the stock markets without g