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Clover Health (Social Capital Hedosophia III) Priced, NYSE: CLOV

Third blank check company formed by Social Capital and Hedosophia targeting a non-US tech business (completed 1/7/2021).

Industry: SPAC

First Day Return: +0.7%

Industry: SPAC

Social Capital Hedosophia Holdings III is a newly incorporated blank check company. We intend to focus our search for a target business operating in the technology industries primarily located outside the United States. Social Capital Hedosophia is a partnership between Chamath Palihapitiya, the founder and current Managing Partner of Social Capital, and Ian Osborne, a co-founder and the current CEO of Hedosophia. Social Capital Hedosophia unites technologists, entrepreneurs and technology-oriented investors around a shared vision of identifying and investing in innovative and agile technology companies. We believe that our management team's relationships with leading technology company founders, executives of private and public companies, venture capitalists and growth equity fund managers, in addition to the extensive industry and geographical reach of Social Capital and Hedosophia's networks, will give us a competitive advantage in pursuing a broad range of opportunities. Our management team believes that its ability to identify and implement value creation initiatives will remain central to its differentiated acquisition strategy.
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IPO Data
IPO File Date 02/28/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 72.0
Deal Size ($mm) $720
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/21/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $720
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Palo Alto, CA, United States
Founded 2019
Employees at IPO 4
Website www.socialcapital.com

Clover Health (Social Capital Hedosophia III) (CLOV) Performance