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New Deal


Announced

Openmarkets to go public via merger with Broad Capital Acquisition in a $90m deal.

Financials

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Transaction Value£72m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Merger

Reverse Takeover

Acquisition

Cross Border

trading solutions

Pending

Friendly

Majority

broker

fintech

FinTech

Australia

Private

De-SPAC

Single Bidder

Synopsis

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Openmarkets, a trading and wealth management tech solutions provider, agreed to go public via merger with Broad Capital Acquisition, a special purpose acquisition company, in a $90m deal. "The transaction we announced with BRAC today is another important milestone in OMG's recent trajectory. The BRAC board's recognition of our ambition through this merger will allow us to amplify our growth plans, expand our reach into new markets and wealthtech verticals, and continue to strengthen our disruptive B2B solutions for fintechs and finance professionals," Dan Jowett, Openmarkets CEO.

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