Paysafe Group has floated on the New York Stock Exchange through a SPAC.
In Brief:
It has merged with Foley Trasimene Acquisition II Corp.
Lasy year the businesses said they were targeting a $9bn valuation.
Paysafe provides secure payment solutions to various companies of different sizes.
What does this mean?
Through the merger, Founder and Chairman of Foley Trasimene, William P Foley II, will become Chairman of Paysafe’s new Board of Directors but the original management team will lead the combined company.
