Cornerstone Investment Capital Holdings Pulls Plug on $250M IPO

Cornerstone Investment Capital Holdings in a letter to the SEC said it was withdrawing its planned IPO of 25 million units, initially registered in February.

The SPAC had planned to target technology companies focused on financial services and transaction processing. 

Cornerstone is led by CEO and Chairman Robert Greifeld, chairman of Virtu Financial, a financial technology and trading firm. Read more.

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