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Bill Foley Raises $1.3 Billion for Blank-Check Company (1)

Aug. 19, 2020, 2:04 AM

Veteran investor Bill Foley’s latest blank-check company has raised $1.3 billion through an initial public offering after increasing the size of the deal by $100 million.

Bill Foley
Photographer: Bruce Bennett/Getty Images

Foley Trasimene Acquisition Corp. II will raise $1.5 billion if the so-called greenshoe option is fully exercised by the underwriters, according to a statement confirming an earlier Bloomberg report.

Repeated issuers like Foley are flooding the market and are on the hunt for potential targets to buy. Foley’s other special purpose acquisition company, Foley Trasimene Acquisition Corp., raised $1 billion in May.

Foley, alongside former Blackstone Group dealmaker Chinh Chu, ...