Hippo agrees SPAC listing at $5bn valuation
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Hippo agrees SPAC listing at $5bn valuation

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Hippo has agreed a deal to merge with a special purpose acquisition company (Spac) that will give it a public listing at a $5bn valuation.

The deal with SPAC Reinvent Technology Partners Z is expected to close in mid-2021, subject to approvals, and will be supported by a $550mn private investment in public equity (Pipe) transaction involving capital from existing shareholders including Dragoneer, Lennar...

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