|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||1.6000 - 1.6800|
|52-week range||1.6000 - 1.6800|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
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.
Better HoldCo, Inc.("Better" or the "Company"), one of the fastest-growing digital homeownership platforms in the U.S., and Aurora Acquisition Corp. (NASDAQ: AURC) ("Aurora"), a special purpose acquisition company, which closed its initial public offering on March 8, 2021, today announced that they have entered into a definitive merger agreement that will transform Better into a publicly-listed company. The transaction reflects an implied equity value for Better of approximately $6.9 billion and a post-money equity value of approximately $7.7 billion.