Billionaire Investor Chamath Palihapitiya Reportedly Plans To Raise $500M With 4th Spac As Blank-check Spree Continues | Markets Insider
The news comes hours after Palihapitiya confirmed Social Capital Hedosophia's second SPAC will merge with real-estate tech firm OpenDoor. : As investors react to its latest merger, Social Capital Hedosophia is already planning its next blank-check acquisition vehicle. The firm - led by billionaire investor Chamath Palihapitiya and venture fund founder Ian Osbourne - aims to raise $500 million for its next special-purpose acquisition company, or SPAC, Bloomberg reported Tuesday. The company is the fourth blank-check firm to come from the partnership and will be aptly named Social Capital Hedosophia Holdings Corp. IV.