Sternlicht’s Blank-Check IPO Is Said to Raise $600 Million

A special purpose acquisition company co-founded by billionaire real estate executive Barry Sternlicht has expanded its initial public offering again to raise $600 million, according to people with knowledge of the matter.

Jaws Acquisition Corp., a so-called blank-check company, aims to list on the New York Stock Exchange on Thursday, said the people, who asked not to be identified because the information is private. The Miami Beach, Florida-based company had filed a prospectus Monday to increase the offering to $500 million from $400 million. That filing features that amount superimposed on a photo of a toothy, open-mouthed shark.