Existing investor SoftBank is participating in a $1.5bn PIPE financing for the digital mortgage services provider as it looks to merge with Aurora Acquisition Corp.
Better, the US-based digital mortgage services provider backed by corporates SoftBank, American Express, Ping An, Citi and Ally Financial, agreed a reverse merger yesterday at a $7.7bn post-deal valuation.
The company will join forces with special purpose acquisition company Aurora Acquisition Corp, taking the position on the Nasdaq Capital Market it acquired in a $220m initial public offering in March this year.
The deal will be supported by $1.5bn in private investment in public equity (PIPE) financing from telecommunications…
