Billionaire investor Chamath Palihapitiya reportedly plans to raise $500 million with 4th SPAC as blank-check spree continues
Social Capital Hedosophia - the blank-check partnership led by billionaire investor Chamath Palihapitiya and venture fund founder Ian Osbourne - aims to raise $500 million with its fourth blank-check company,The special-purpose acquisition company, or SPAC, will be aptly named Social Capital Hedosophia Holdings Corp. IV.
The firm - led by billionaire investor Chamath Palihapitiya and venture fund founder Ian Osbourne - aims to raise $500 million for its next special-purpose acquisition company, or SPAC,reported Tuesday. The company is the fourth blank-check firm to come from the partnership and will be aptly named Social Capital Hedosophia Holdings Corp. IV.
The report comes just hours after Palihapitiya confirmed plans to merge the firm's second SPAC with Opendoor. The deal values Opendoor at $4.8 billion and will take the property tech company public. Shares of the involved SPACMORGAN STANLEY: Buy these 6 stocks poised for gains as the economic recovery continues and Congress mulls more coronavirus stimulus
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