This Portable Ultrasound Company Is Going Public | Buy LGVW Stock Now(Butterfly Network Stock)
Channel: Mr. Money Geek
Date: 28/11/2020

Butterfly Network, a handheld portable ultrasound company, is merging with Longview Acquisition Corp (NYSE:LGVW). The deal values Butterfly Network at $1.5 billion.
The press release said the deal is expected to “accelerate future pipeline of innovative technologies” for Butterfly Network, which is something investors should watch. Butterfly Network comes with a strong backing of investors.

The company counts Baillie Gifford, the Bill and Melinda Gates Foundation, and Fosun Industrial as the largest investors. Fidelity is also listed as a backer of the company.

The deal is expected to close by the end of the first quarter of 2021. Shares will trade on the NYSE as BFLY.

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