PlayUp agrees to go public in NZ$598m SPAC deal

(Image: Getty)

Mon, 26 Sep 2022

By Christopher Palmeri(Bloomberg) – PlayUp Ltd is merging with a special purpose acquisition company in a deal that will value the online betting operator at US$350 million (NZ$598m).The transaction with IG Acquisition Corp will help fund expansion of the business and is expected to close in the first quarter, the companies said Thursday in a statement. A fund managed by Yorkville Advisors Global has agreed to invest an additional US$70m in the business. PlayUp allows fans to bet on sports, horse racing and daily fantasy sports in Au...

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