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New Deal


Announced

Hypebeast to go public via a SPAC merger with Iron Spark I in a $353m deal.

Financials

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Transaction Value£269m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Merger

media company

Reverse Takeover

Pending

Friendly

Majority

Acquisition

Private

Media Agencies

De-SPAC

Single Bidder

Hong Kong

Cross Border

Synopsis

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Hypebeast, a media company, agreed to go public via a SPAC merger with Iron Spark I in a $353m deal. "For more than 15 years, we've been on a mission to share the most authentic aspects of culture all around the globe. We've built a loyal and passionate community who trust our curation across diverse lifestyle categories spanning fashion, arts, design, luxury, sports, technology, and more. Partnering with Iron Spark and entering the public markets in the US will propel us to the next level. With access to new capital and talent, we will expand our universe of content, commerce, and experiences in a way that strengthens our business and community," Kevin Ma, Hypebeast Executive Director, Chairman, and CEO.

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