Business
Plaid Likely To Go Public After Failed Sale to Visa – Barron’s
The companies late Tuesday agreed to terminate the $5.3 billion transaction after the Department of Justice sued to block the deal.
The odds are low that Plaid will seek out another merger partner now that its $5.3 billion sale to Visa is off. Instead, the fintech is more likely to go public via a traditional initial public offering, a special purpose acquisition vehicle, or a direct listing, five fintech bankers and venture capitalists told Barrons. Plaid is likely to IPO or get SPACd, one venture capitalist said.
Its SPAC city, another banker added.
A Plaid spokeswoman declined to comment.
SPACs have emerged as the busiest…
