Social Capital Hedosophia Holdings Corp. VI announced the pricing of its $1 billion IPO this evening and its units are expected to begin trading on the NYSE under the symbol “IPOF.U” tomorrow, Friday, October 9.
The new company aims to combine with an innovative and agile technology company that is at an inflection point with strong potential growth. Social Capital VI is led by CEO and Chairman Chamath Palihapitiya, President and Director Ian Osborne, CFO Steven Trieu, and General Counsel and Secretary Simon Williams.
Total SPAC deal count for 2020 year-to-date is now 137 with $53 billion in gross proceeds raised. This offering is expected to close on Tuesday, October 13.
Credit Suisse (USA) LLC acted as the sole book-running manager for the offering. Skadden, Arps, Slate, Meagher & Flom LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.