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Thrasio Is in Talks to Go Public Via Michael Klein SPAC

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Photographer: Gabby Jones/Bloomberg
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Thrasio, an acquirer of private-label businesses on Inc., is in talks to go public through a merger with a blank-check company set up by former Citigroup Inc. rainmaker Michael Klein, according to people with knowledge of the matter.

The online retailer, backed by private equity firm Advent International, could be valued at well over $2 billion in a merger with Churchill Capital Corp. V, the people said, asking not to be identified because the information is private. That valuation could even reach more than $10 billion, two of the people said.