US digital asset firm Bakkt plans IPO

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RIYADH: US-based digital asset firm Bakkt will go public after completing its merger with global investment firm VPC Impact Acquisition Holdings.

Its shares will be traded on the New York Stock Exchange, and it will be called BKKT.

Approximately 85.1 percent of VPC Impact’s shareholders voted to approve the business merger between the two companies at a general meeting held on Oct. 14.