A group of blank-check companies run by venture capitalist Chamath Palihapitiya has tapped SoFi Technologies to help run their IPOs, in a bid to make the sales more accessible to retail investors, Bloomberg reports.
Social Capital Suvretta Holdings Corp. I, II, III and IV have added SoFi‘s online brokerage as an underwriter to their stock sales, according to regulatory filings. Each SPAC expects to offer 5 percent of its Class A shares via the SoFi platform, the filings said.
“This is one of the first initial public offerings to be included on the SoFi platform and there may be risks,” the blank-check firms said in the filings. Read more.
