US News

BuzzFeed to go public after raising less money than expected

Published by
AFP

New York (AFP) – American digital company BuzzFeed, known for its viral content and journalism, will go public on Monday after it initially raised less money than expected. In a press release Friday, BuzzFeed said it had finalized a merger with 890 5th Avenue Partners, a special purpose acquisition company (SPAC), which aims to raise funds through an initial public offering to acquire an existing company. Buzzfeed’s shares are expected to start trading on the Nasdaq on Monday under the ticker symbol “BZFD”. BuzzFeed aimed to be valued on Wall Street at $1.5 billion but it raised just $16 milli…

Read More

Facebook Comments

Check Also

Starlink Satellites May Disrupt Detection Of Near-Earth Asteroids, Study Warns

Starlink Satellites May Disrupt Detection Of Near-Earth Asteroids, ...

Archives