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The Funded: S.F.-based Vector Capital's 'blank check' IPO raises $300M

Sep 25, 2020 - Silicon Valley Business News
Mergers and Acquisitions

A Bay Area private equity firm joined this year's record run on "blank check" IPOs, raising $300 million to begin its search for a tech company to take public through a reverse merger.

San Francisco-based Vector Acquisition Corp. sold 30 million shares at $10 each, as expected, to become the 12th special purpose acquisition company (SPAC) based in the region to successfully complete an IPO this year. Four more have filed but haven't completed their offerings.

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