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Queen s Gambit Expands Blank-Check IPO to $300 Million
Queen’s Gambit Expands Blank-Check IPO to $300 Million Bloomberg 1/20/2021 Crystal Tse © Photographer: John Taggart/Bloomberg The sun rises on Wall Street near The New York Stock Exchange. (Bloomberg) Queen’s Gambit Growth Capital, a blank-check company led entirely by female executives, increased the size of its U.S. initial public offering to raise $300 million. The special purpose acquisition company, or SPAC, said in a statement Tuesday that it sold 30 million units for $10 apiece, confirming an earlier report by Bloomberg. The company initially filed in December to raise $225 million. It had elevated that target this month to $275 million, according to filings with the U.S. Securities and Exchange Commission.
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