Hong Kong FinTech Hyphen Group is mulling a public offering via a merger with special purpose acquisition company (SPAC) Provident Acquisition Corp., South China Morning Post (SCMP) reported, citing unnamed sources. Backed by Hong Kong billionaire Richard Li Tzar-kai, the SPAC merger could give Hyphen a valuation of $1 billion, the sources said. The deal could include a $100 million private investment in public equity (PIPE) anchored by institutional investors. The transaction could officially be announced by the end of the year, the sources told SCMP. See also: Hong Kong Relaxes Rules To Hike FinTech Lending The SPAC is led...