Dave goes public — plus other LA tech news – LA Business First – bizjournals.com

Dave Inc. made its Nasdaq debut this week as the West Hollywood banking app went public via a reverse merger.
The company completed its combination with VPC Impact Acquisition Holdings III Inc. (NYSE: VPCC), a special purpose acquisition company (SPAC) sponsored by Victory Park Capital, and is now trading on the Nasdaq under the tickers “DAVE” and “DAVEW.”
Shares opened on Thursday at $8.27, giving Dave a market cap of about $3 billion, and closed on Friday down nearly 30% at $5.82 with a market cap of about $2 billion.
Launched in 2017, Dave aims to help its 11 million-plus customers budget their money, avoid overdraft fees, find work and build credit.
Here’s what else Los Angeles-area tech companies got up to this week:
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