Social Capital Seeks to Raise $500 Million for Latest SPAC

Social Capital Hedosophia is seeking to raise $500 million for its newest blank-check company, according to people with knowledge of the matter.

The partnership between Chamath Palihapitiya and Ian Osborne, longtime investors who together have raised three special purpose acquisition companies, has confidentially filed plans with the U.S. Securities and Exchange Commission, said the people, who asked not to be named because the information isn’t yet public.

Chamath Palihapitiya

Photographer: David Paul Morris/Bloomberg

The vehicle, known as Social Capital Hedosophia Holdings Corp. IV, is set to be the fourth in a string of as many as 26 such deals. On a podcast, Palihapitiya said ...