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Tech Veterans Hoffman and Pincus Join Hunt for SPAC Targets

  • Hoffman- and Pincus-backed blank-check rises in trading debut
  • Tech duo raised $600 million in initial public offering
Reid Hoffman

Reid Hoffman

Photographer: David Paul Morris/Bloomberg
Updated on

LinkedIn Corp. co-founder Reid Hoffman and Zynga Inc. founder Mark Pincus are looking to set themselves apart from the ultra-wealthy who have started special purpose acquisition companies.

For their SPAC, which began trading Thursday after raising $600 million, the high-profile pair want to draw upon their experience building companies and taking them public without losing a “growth mindset,” they said in an joint interview.