Oleg Zabluda's blog
Monday, September 18, 2017
 
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Social Capital Hedosophia [...] raised $600 million in its initial public offering, [...] The shares were listed on the New York Stock Exchange on Wednesday at $10 and were up 3.5% in the first half of Thursday. [...] Social Capital Hedosophia doesn't have any products or customers, and it doesn't own anything yet. The company plans to buy stakes in private tech companies [...] there were about 150 tech startups valued at over $1 billion, compared with about 200 public technology companies with a market cap of $1 billion. [...] Such blank-check public companies, which raise money first and then figure out how to invest it, are in vogue, [...] Twenty-two such funds have been launched on US exchanges so far this year, raising $6.9 billion,
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http://www.businessinsider.com/chamath-palihapitiya-raises-600-million-ipo-social-capital-hedosophia-holdings
http://www.businessinsider.com/chamath-palihapitiya-raises-600-million-ipo-social-capital-hedosophia-holdings

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