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Seize Shares Rise on First Day of Buying and selling After Blockbuster SPAC Deal

Seize Shares Rise on First Day of Buying and selling After Blockbuster SPAC Deal

Seize Holdings Ltd. ’s shares rose on their first day of buying and selling in New York, after the Southeast Asian ride-hailing and supply big accomplished a record-breaking merger with a special-purpose acquisition firm.

Shares opened at $13.06 Thursday, giving Seize a market capitalization of roughly $51.6 billion. The inventory was up 19% from Wednesday, when it was buying and selling because the SPAC Altimeter Development Corp. The inventory misplaced some steam after the open and not too long ago traded up 3.1%.

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