CF Corporation, a blank check company formed by executives from Blackstone and FNF, filed for an initial public offering on Thursday.
The New York, NY-based company plans to raise $600 million by offering 60 million units at a price of $10. Its proposed $600 million deal size would make it the largest blank check IPO since January 2008, and anchor investors have committed to investing an additional $500 million on the announcement of an acquisition. At $10 per unit, CF Corporation would command a market value of $750 million.
CF Corporation was formed in 2016 and plans to list on the Nasdaq under the symbol CFCOU. Citi, BofA Merrill Lynch and Credit Suisse are the joint bookrunners on the deal. No pricing date was disclosed.
