Jasper, an Early Generative AI Winner, Cuts Internal Valuation as Growth SlowsRead more

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markets

Banking App Dave Shares Rise 9% in Public Listing After SPAC Merger

By
Aidan Ryan
· · Source: The Information

Shares of Dave, the digital banking app, rose 9% on its first day of trading Thursday after going public through a merger with special purpose acquisition company VPC Impact Acquisition Holdings III. The Los Angeles-based company’s stock price was trading around $9 on Thursday afternoon after shares of the SPAC closed at $8.27 Wednesday. The five-year-old startup had raised nearly $300 million...

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