Social Capital Hedosophia Holdings (IPOA.U) plans to raise $500 million in an initial public offering (IPO) on Thursday, September 14th, IPO Scoop reports. The company will issue 50,000,000 shares at $10.00 per share.

Social Capital Hedosophia Holdings has a market cap of $625 million.

Credit Suisse served as the underwriter for the IPO.

Social Capital Hedosophia Holdings provided the following description of their company for its IPO: ” Social Capital Hedosophia Holdings is a partnership between the investment firms of Social Capital and Hedosophia. Social Capital Hedosophia Holdings unites technologists, entrepreneurs and technology-oriented investors around a shared vision of identifying and investing in innovative and agile technology companies. We believe that our management team’s relationships with leading technology company founders, executives of private and public companies, venture capitalists and growth equity fund managers, in addition to the extensive industry and geographical reach of Social Capital and Hedosophia’s networks will give us a competitive advantage in pursuing a broad range of opportunities. We believe our management team is well positioned to identify unique opportunities across the technology private company landscape. “.

Social Capital Hedosophia Holdings was founded in 2017 and has 0 employees. The company is located at 120 Hawthorne Avenue, Palo Alto, CA 94301, US and can be reached via phone at (650) 521-9007.

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