CF Corporation, a blank check company formed by executives from Blackstone and FNF, raised $600 million by offering 60 million shares at $10, as expected. CF Corporation plans to list on the Nasdaq under the symbol CFCOU. Citi, BofA Merrill Lynch and Credit Suisse acted as lead managers on the deal.
Anchor investors have committed to investing $510 million on the announcement of an acquisition. CF Corp's IPO represents the largest offering for a SPAC since Trian Acquisition I and Sapphire Industrials each raised $800 million in January 2008.
