TradeStation Group to go Public Through Merger with Quantum FinTech Acquisition (QFTA)

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TradeStation Group To Become Public Company Through Business Combination With Quantum FinTech

November 4, 2021 4:56 AM EDT

Transaction aims to propel brand awareness of TradeStations online multi-asset trading platform and product offerings as a self-clearing online broker for the equities, options, futures and cryptocurrency self-directed investor markets $1.43 billion implied pro forma enterprise value at closing Fully committed $115 million PIPE investment by strategic and institutional investors led by Monex Group, Inc. and Galaxy Digital LP, $50 million each, and including XBTO Ventures, LLC and Appian Way Asset Management Significant sponsor and shareholder alignment, with 48% of sponsor-held shares to be converted to unvested... More