Hyphen Group is rumored to be going public with a very important merger, which will increase the company’s valuation tremendously.
TALKS ON A $1BILLION VALUATION
Hyphen Group, a Nordic Eye investment are in the advanced stages of a crucial deal that could land them on a $1Billion valuation. The transaction is a merger with the blank-check company Provident Acquisition Corp. The deal may include a private investment in Public equity, or PIPE, of about $100 million anchored by institutional investors, according to people close to the matter. The transaction is rumored to be announced by the end of 2021.
This would make Hyhpen Group a unicorn, and the second unicorn in our fund 1 investment.We are very happy on behalf of Hyhpen Group, and proud to be an investor.