Two Blank Check Cos. Price $500M and $400M IPOs

Law360, New York (September 11, 2015, 8:58 PM EDT) -- Double Eagle Acquisition and Pace Holdings Corp. have joined in the recent flurry of IPO filings by so-called blank check companies, raising $500 million and $400 million respectively, according to filings with the U.S. Securities and Exchange Commission and sources familiar with the deal.

Double Eagle, a blank check company seeking to acquire and operate media or entertainment businesses, launched an offering of 40 million units on Tuesday, upsizing the offering to 48 million on Friday, at $10 per unit, while Texas-based Pace Holdings announced pricing of 40 million units at $10 per unit, according to SEC filings.

Pace Holdings, which...

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