July 27, 2020 / 4:28 PM / 12 days ago

Blank Check company Churchill Capital Corp IV files for upsized IPO

July 27 (Reuters) - Churchill Capital Corp IV, a special purpose acquisition company (SPAC) run by former Citigroup banker Michael Klein, raised the size of its initial public offering (IPO) to $1.5 billion.

The IPO was earlier meant to raise $1 billion.

Another entity of Klein’s Churchill Capital and MultiPlan Inc said earlier this month they had reached a definitive agreement to merge in a deal worth about $11 billion that will take the U.S. healthcare services firm public. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Shailesh Kuber)

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