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Forbes Said to Ditch Plans to Go Public Via SPAC 

By
The Information Staff
· · Source: The New York Times

In another sign of a mostly shuttered market for new offerings, media company Forbes decided to call off a previous decision to take itself public via a special-purpose acquisition company, The New York Times reported Tuesday. The deal, which would have taken Forbes public at a $630 million valuation after a merger with Hong Kong-based SPAC Magnum Opus Acquisition, is another example of a...

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