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RIT Capital Partners set for portfolio boost as two private holdings line up IPO and tender offer
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investmentweek.co.ukTrading platform WeBull has agreed to list on the Nasdaq through a merger with special acquisition company SK Growth Opportunities, valuing the combined business at $7.3bn. The firm is expected to IPO in the second half of the year. RIT invested £50m in WeBull in 2021 in a transaction rumoured to have been at a valuation of around $1bn. The second private holding, payment company Stripe, has allowed its employees to cash out about $1bn worth of stock at a $65bn valuation, according to several media reports, a 30% hike from its 2023 valuation. SJP co-founder and former RIT chair Ja...
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