Mortgage Lender Better Going Public Via SPAC: What Investors Need to Know

·3-min read

Online mortgage lender Better is joining the party. The innovative lending platform announced plans to go public via SPAC merger, valuing the company at $7.7 billion. As part of the deal, a SoftBank Group subsidiary is committing a $1.5 billion investment (known as a PIPE in SPAC terms), in addition to the $220 million Aurora raised in its initial SPAC IPO.

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