Concord Acquisition Corp (CND) to Combine with Circle in $4.5Bn Deal

Jul 8, 2021 INTEL by Nicholas Alan Clayton

Concord (NYSE:CND) has entered into a definitive agreement to combine with cryptocurrency payments platform Circle at an enterprise value of $4.5 billion, or 12.8x its 2022E revenue. Boston-based Circle is a peer-to-peer cryptocurrency service managing the USDC coin and SeedInvest crowdinvesting platform. The combined company is expected to trade on the NYSE under the symbol
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Concord Acquisition Corp (CND) to Combine with Circle in $4.5Bn Deal

Concord Acquisition Corp (CND) to Combine with Circle in $4.5Bn Deal

ByNicholas Alan Clayton