Palihapitiya-backed blank-check firms raise $2.1 billion through IPOs

(Reuters) – Three blank-check companies backed by venture investor Chamath Palihapitiya have raised a total of $2.1 billion through initial public offerings, the companies said in separate statements on Thursday.

The companies, Social Capital Hedosophia Holdings IV, V and VI, have raised up to $400 million, $700 million and $1 billion, respectively, by selling units of $10 each – made up of stocks and warrants – on the New York Stock Exchange.

Credit Suisse is the sole book-runner on the offering of Palihapitiya’s companies.


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