Sat. Apr 20th, 2024

Paysafe Group Holdings has completed its merger with special purpose acquisition company, Foley Trasimene Acquisition Corp. to go public.

The new business combination is set to trade on the New York Stock Exchange as Paysafe Limited.

The deal formally closed on 30 March, and the NYSE listing will be live at market open 31 March.

As per gambling Insider, Philip McHugh, CEO of Paysafe, stated: “The closing of this transaction and our listing on the New York Stock Exchange is a huge milestone for Paysafe and getting to this point today is testament to the hard work and dedication of our team around the world. I would also like to thank Bill and the Foley Trasimene team for their backing and belief in our opportunity, and of course Blackstone and CVC for their continued investment and support. We’re excited to be embarking on the next stage of our growth journey as a public company.”