Deals
Loeb Seeks to Raise $400 Million for New Blank-Check Company
- Former New York Stock Exchange President Farley to be CEO
- Aims to acquire financial technology firm within 24 months
Dan Loeb
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Activist investor Dan Loeb is seeking to raise as much as $400 million to acquire financial technology firms via a so-called blank-check company.
The firm, Far Point Acquisition Corp., will be led by Tom Farley, who stepped down Monday as president of the New York Stock Exchange. Credit Suisse Group AG and Bank of America Corp. are leading the share sale, according to a regulatory filing Tuesday.