Social Capital Hedosophia Holdings Corp. III (IPOC.U), announced the pricing of their upsized $720 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Wednesday, April 22nd, under the symbol NYSE: IPOC.U.
Social Capital Hedosophia III, is one of two follow-up SPACs to the original Social Capital Hedosophia Holdings Corp, which combined with Virgin Galactic (SPCE), in October 2019. Additionally, IPOC.U, represents the first SPAC to IPO since the Covid-19 lockdown, more than one month ago.
Social Capital Hedosophia III (IPOC.U), will be focusing on technology companies located outside the U.S. and will once again be led by the team of Chamath Palihapitiya, as CEO and Chairman, and Ian Osborne, as President and Director. Both Mr. Palihapitiya and Mr. Osborne held the same roles for the first Social Capital Hedosophia.
Social Capital Hedosophia II (IPOB.U), the other follow-up SPAC from this team, is widely expected to price their IPO shortly.
Total SPAC deal count for 2020 year-to-date is now 14 with $4.645 billion in gross proceeds raised. The offering is anticipated to close on Friday, March 24, 2020.
Credit Suisse is acting as sole book-running manager of the offering. Skadden, Arps, Slate, Meagher & Flom LLP and Shearman & Sterling LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively. Marcum LLP acted as auditor.


Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...
At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...