Feb 8 (Reuters) - Two blank-check firms formed by investorMark Ein are aiming to raise about $600 million in their initialpublic offerings (IPO), regulatory filings showed on Monday.
Capitol Investment Corp VI, the sixth special purposeacquisition company (SPAC) backed by Ein, said it would sell 20million units, comprising shares and warrants, priced at $10apiece in its IPO. (https://bit.ly/2YZfb1u)
The seventh blank-check firm, Capitol Investment Corp VII,said it would sell 40 million shares at the same price. (https://bit.ly/3a2veln)
Ein worked at Carlyle Group, Brentwood Associates andGoldman Sachs Group Inc before setting out on his own asan investor.
His prior SPACs have invested in a range of firms includingreal estate investment trust Two Harbors, specialtycruise operator Lindblad Expeditions and PR Newswireowner Cision and NESCO, a provider of specialty rentalequipment.
A SPAC, a shell company that raises money in an IPO beforelater merging with a privately held company to take the latterpublic, has become many investors' structure of choice over thepast year.
Citigroup and Deutsche Bank Securities are underwriters onthe lastest offerings.(Reporting by Noor Zainab Hussain in Bengaluru; Editing byRamakrishnan M.)