Virgin Galactic dealmaker defies IPO lull with $720 million blank-check deal

April 22, 2020 admin Business News Comments Off on Virgin Galactic dealmaker defies IPO lull with $720 million blank-check deal

Virgin Galactic Holdings Inc Chairman Chamath Palihapitiya on Tuesday raised $720 million for a new blank-check company, 20% more than its original target, after the coronavirus crisis upended plans last month.

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Source:: Reuters – Business News