Markets
BX

A bigger blank check: CF Corporation files for a $600 million IPO, largest SPAC since 2008

An image of a pen and a calculator
Credit: Shutterstock photo

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.

The article A bigger blank check: CF Corporation files for a $600 million IPO, largest SPAC since 2008 originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

BX FNF

Other Topics

IPOs

Latest Markets Videos