Swvl Advances in Nasdaq Debut After Queen’s Gambit SPAC Tie-Up
The Nasdaq MarketSite in New York.
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Swvl Holdings Corp., a Dubai-based mass transit startup, rose in its Nasdaq debut following a merger with blank-check firm Queen’s Gambit Growth Capital.
Shares gained as much as 9.8% to $10.30 on Friday. The deal originally valued the company at $1.5 billion, making Swvl one of the Persian Gulf’s few so-called unicorns.