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Online Broker Firm TradeZero Explores SPAC Merger To Go Public: Bloomberg

Author: Anusuya Lahiri | October 06, 2021 09:30am

The software provider for stock trading TradeZero Holding Corp is amid discussions for a SPAC merger with Dune Acquisition Corp (NASDAQ:DUNE), Bloomberg reports.
TradeZero, led by CEO Dan Pipitone, offers commission-free stock trading, short selling, free limit orders, and other services.
It earns partly from rebates paid for order flow by market centers including EDGX, ARCA, and Nasdaq and is planning on expanding its options offerings from single to multi-legged trading.
Dune, led by CEO Carter Glatt, raised $172.5 million in a December initial public offering.
During the pandemic, retail investors poured into financial markets, propelling the revenue of brokerages, including Robinhood Markets Inc (NASDAQ:HOOD), which became a meme stock following its August IPO.
Price Action: DUNE shares closed higher by 0.1% at $9.85 on Tuesday.

Posted In: DUNE HOOD