Payments tech firm Super Apps to list in U.S. via $1.1 billion SPAC deal

FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes. REUTERS/Yuriko Nakao/File Photo

(Reuters) -Super Apps Holdings will go public in the United States through a merger with a special purpose acquisition company in a deal that values the Malaysian payments technology firm at $1.1 billion, the companies said on Wednesday.

Before the deal with Technology & Telecommunication Acquisition Corporation closes, Super Apps will buy 60% of fintech firm MobilityOne's stake in OneShop Retail.