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Princess Beatrice s Afiniti approached by Spacs for US listing
The company was most recently valued at $1.6bn
14 March 2021 • 6:00am
Afiniti, which counts former Prime Minister David Cameron on its board of advisors and employs Princess Beatrice, has been approached by US blank cheque companies about a possible listing.
Sources said the Bermuda-headquartered call centre technology company has been courted by Special Purpose Acquisition Companies (Spacs) about taking it public in the US.
The company develops artificial intelligence tools for outsourced call centre and sales staff. At its last funding round, Afiniti was valued at $1.6bn. Afiniti declined to comment.
It is just the latest company to be in the sights of Spacs, or special purpose acquisition companies.
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Domestic stocks may see a cautious start to Friday s trade, even as optimism over the US stimulus, ECB s dovish tone and strong jobless data in the US sent Walls Street to record highs in overnight trade and kept Asian market buoyant this morning.
Here s the breaking down of the pre-market actions:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 4 points, or 0.03 per cent, lower at 15,415 in signs that Dalal Street was headed for a tepid start on Friday.
Tech View: Nifty sets sight at 15,220
Nifty50 took out its immediate resistance at 15,100 level on Wednesday, but formed a small bearish candle with a long lower wick, suggesting intraday selling got bought into. Analysts said the index seems to have won a mini-battle, but is still indecisive and needs to take out the 15,220 level for the positive momentum to sustain.
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