U.S. Markets close in 2 hrs 25 mins
  • S&P 500

    4,543.59
    -6.19 (-0.14%)
     
  • Dow 30

    35,688.85
    +85.77 (+0.24%)
     
  • Nasdaq

    15,085.80
    -129.90 (-0.85%)
     
  • Russell 2000

    2,288.68
    -7.50 (-0.33%)
     
  • Gold

    1,795.40
    +13.50 (+0.76%)
     
  • EUR/USD

    1.1631
    0.0000 (-0.0000%)
     
  • 10-Yr Bond

    1.6550
    -0.0210 (-1.25%)
     
  • Vix

    15.58
    +0.57 (+3.80%)
     
  • GBP/USD

    1.3745
    -0.0051 (-0.3670%)
     
  • USD/JPY

    113.5180
    -0.4700 (-0.4123%)
     
  • BTC-USD

    60,811.39
    -2,172.01 (-3.45%)
     
  • CMC Crypto 200

    1,447.81
    -55.23 (-3.67%)
     
  • FTSE 100

    7,204.55
    +14.25 (+0.20%)
     
  • Nikkei 225

    28,804.85
    +96.27 (+0.34%)
     

Thrasio In Talks To Merge With SPAC Churchill Capital V: Report

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Thrasio, a start-up company that rolls up Amazon.com, Inc. (NASDAQ: AMZN) marketplace brands, is in talks to go public through a merger with the blank check company Churchill Capital V Corp (NYSE: CCV), Bloomberg reported, citing people with knowledge of the matter.

  • No deal has been finalized yet, and the merger could fall apart, the report said.

  • Thrasio could be valued at $2 billion in the merger. According to people familiar with the subject, the valuation may reach up to $10 billion, the Friday report said.

  • Former Citigroup Inc. (NYSE: C) rainmaker Michael Klein set up Churchill Capital V.

  • In January, Thrasio raised $500 million via JPMorgan Chase & Co. (NYSE: JPM), Goldman Sachs Group Inc. (NYSE: GS) and the asset management arm of Royal Bank of Canada (TSE: RY).

  • The company has also raised $260 million in C funding led by Advent International.

  • Thrasio aims to capitalize on Amazon’s e-commerce dominance by acquiring new sellers on its third-party marketplace.

  • In December 2020, Churchill Capital V raised $500 million in its initial public offering.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.