Law360 (August 31, 2020, 6:56 PM EDT) -- LinkedIn co-founder Reid Hoffman and game developer Zynga founder Mark Pincus' blank-check company, Reinvent Technology Partners, said Monday that it is aiming to raise $600 million in an initial public offering steered by Skadden and Ropes & Gray.
Blank-check companies, also called special purpose acquisition companies, raise money through IPOs to later take private a public company. The shell companies generally target businesses in industries that match their management team's expertise.
Reinvent Technology, advised by Skadden Arps Slate Meagher & Flom LLP, said in a regulatory finding it was hoping to fund a future tie-up with a technology business. The SPAC...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!