LinkedIn, Zynga Founders' SPAC Leads 4 Raising $530M Total

Law360 (November 19, 2020, 6:12 PM EST) -- LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus' second blank-check company, Reinvent Technology Partners Z, debuted on the stock exchanges Thursday to raise the most of a pack of four special-purpose acquisition companies that tapped the markets for a total of $530 million.

Reinvent Technology Partners Z said it raised $200 million to focus on targeting a technology business, in an offering steered by Skadden, Maples and Calder, and Ropes & Gray. Other companies that kicked off trading Thursday hoped to merge with enterprises in the technology and life science industries.

Blank-check companies, or special-purpose acquisition companies, raise money through...

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