Walmart-backed Symbotic to list on Nasdaq following $5.5b deal with SoftBank SPAC

Walmart-backed Symbotic to list on Nasdaq following $5.5b deal with SoftBank SPAC

Photo: From Symbotic website.

Walmart Inc-backed Symbotic said on Monday it would go public through a merger with a SoftBank Group Corp blank-cheque firm in a deal offering the robotics and automation startup a pro-forma equity value of $5.5 billion.