Virgin Galactic Holdings Inc (SPCE)

[mick]

OPENED @ 12.50 PLUS/ 10-28-2019/$SPCE/Richard Branson's Virgin Galactic Heads for Trading Debut Next Week >IPOA
11:02 am ET October 24, 2019 (Dow Jones) Print
By Colin Kellaher

Virgin Galactic, Richard Branson's space-tourism venture, is set to make its public trading debut Monday as it wraps up its combination with special-purpose acquisition company Social Capital Hedosophia Holdings Corp. (IPOA).

According to a filing with the Securities and Exchange Commission, Social Capital's shareholders have approved the deal, under which the SPAC will invest about $800 million in Virgin Galactic for a 49% stake.

Social Capital said it expects to complete the transaction Friday and change its name to VGH Inc.

VGH shares are expected to begin trading Monday on the New York Stock Exchange under the symbol SPCE, making it the first publicly listed human-spaceflight company.

Write to Colin Kellaher at [e-mail]

(END) Dow Jones Newswires

October 24, 2019 11:02 ET (15:02 GMT)

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