Blank-check co. Crescent Funding seeks up to $288 million in IPO

Discussion in 'Market News' started by sniper-academy, Jan 13, 2018.


Draft saved Draft deleted
  1. sniper-academy

    sniper-academy Administrator Staff Member

    Joined:
    Sep 30, 2011
    Messages:
    263,703
    Likes Received:
    5
    Crescent Funding Inc. seeks to raise up to $288 million in an initial public offering, according to a filing late Friday with the Securities and Exchange Commission. The Los Angeles-based blank check company plans to sell up to 28.75 million shares at $10 a piece. The company formed to effect "a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses," but has yet to identify and potential targets. UBS Investment Bank, Bank of America Merrill Lynch, and Stifel are listed among the underwriters.

    Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

    [​IMG]
    [​IMG] [​IMG] [​IMG] [​IMG]

    Continue reading...
     
Loading...

Share This Page