Social Capital Hedosophia Holdings, a blank check company planning to acquire a large private technology company, raised $600 million by offering 60 million units at $10. It originally planned to raise $500 million. Social Capital Hedosophia plans to list on the NYSE under the symbol IPOA.U. Credit Suisse acted as a lead manager on the deal.
Earlier this week, we examined some of the blank check company's contentious claims about tech IPOs in a special market commentary piece.
