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Page 2 - திசையன் கையகப்படுத்தல் நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

New York law firms seek in on the action as Rocket Lab payday approaches

Monteverde indicated its concern was over whether the transaction was “properly valued”. Morgan said the activity was “very standard” in the US for all such special purpose share market transactions and would not delay Rocket Lab’s listing, which remained on track to be completed by the end of September. Assuming there are no hiccups, the IPO will see Peter Beck retain at least a 12.2 per cent stake in Rocket Lab, worth about US$545 million (NZ$771m) based on its expected market capitalisation. NZ s space industry is expanding: a 1000 hectare block of land on the Kaitōrete Spit, near Christchurch, may become home to a new rocket launch site.

Nasdaq listing to leave Peter Beck with $771m stake in Rocket Lab

Tom Pullar-Strecker16:32, Jun 28 2021 Supplied Rocket Lab founder and chief executive Peter Beck in the company s Auckland production complex. Peter Beck will retain at least a 12.2 per cent stake in Rocket Lab worth about US$545 million (NZ$771m) when the company he founded lists on the Nadsaq exchange in the next few months. Rocket Lab is due to list on the exchange through a reverse auction by shell company Vector Acquisition Corporation before the end of September, with a value of about US$4.5 billion. Khosla Ventures, a Californian venture capital company owned by Sun Microsystems co-founder Vinod Khosla, will be the biggest shareholder with at least a 25.8 per cent stake.

Peter Beck | Benzinga

Peter Beck | Benzinga
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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