Two blank-check firms backed by SoftBank Group Corp are aiming to raise a total of about $550 million in their initial public offerings, regulatory filings showed on Friday.
Special purpose acquisition company (SPAC) SVF Investment Corp 2 said it would sell 20 million units, comprising shares and warrants, priced at $10 apiece in its IPO. SVF Investment Corp 3 said it would sell 35 million shares at the same price.
SoftBank has tried to ride the mania for SPACs, with a blank-check backed by the Japanese conglomerate’s Vision Fund’s managers – SVF Investment Corp – raising $604 million earlier this year.
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