(Bloomberg) -- Veteran investor Bill Foley's latest blank-check company has raised $1.3 billion through an initial public offering after increasing the size of the deal by $100 million.
Foley Trasimene Acquisition Corp. II will raise $1.5 billion if the so-called greenshoe option is fully exercised by the underwriters, according to a statement confirming an earlier Bloomberg report.
Repeated issuers like Foley are flooding the market and are on the hunt for potential targets to buy. Foley's other special purpose acquisition company, Foley Trasimene Acquisition Corp., raised $1 billion in May.
Foley, alongside former Blackstone Group dealmaker Chinh Chu, was also part of blank-check firm CF Corp., which acquired life insurer Fidelity & Guaranty Life in a $1.84 billion deal in 2017.
Foley is an owner of the Vegas Golden Knights hockey team and is involved in several financial services companies.
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