Good haul: Pedestrians walk past a SoftBank mobile shop in Tokyo. SoftBank has tried to ride the mania for SPACs. ─ AFP
TOKYO: Two blank-cheque firms backed by SoftBank Group Corp are aiming to raise a total of about US$550mil in their initial public offerings (IPOs), regulatory filings showed on Friday.
Special purpose acquisition company (SPAC) SVF Investment Corp 2 said it would sell 20 million units, comprising shares and warrants, priced at US$10 apiece in its IPO. SVF Investment Corp 3 said it would sell 35 million shares at the same price.
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