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Symbotic and SoftBank-Backed SPAC to List in $5.5 Billion Deal

Symbotic LLC, a warehouse-technology platform used by retailers including Walmart Inc., said it will go public with an equity valuation of $5.5 billion.

The Wilmington, Massachusetts-based company will list as it merges with SVFC, a special purpose acquisition company sponsored by an affiliate of SoftBank Investment Advisers, the companies said in a statement Monday. The deal is expected to conclude in the first half of next year.