SILICON Valley venture capitalists are looking to create a publicly traded fund with a single focus: investing in mature startups to provide them with a way to reach a wider group of investors while skipping some steps involved with an initial public offering (IPO).
The vehicle, Social Capital Hedosophia Holdings Corp, plans to raise cash from investors in an IPO and then invest the cash in one or more late-stage companies, according to a securities filing last week.
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