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ISSUE – Sep. 01| Reid Hoffman, Zynga’s Mark Pincus aim to raise $600M for tech-focused SPAC

Reinvent Technology Partners, a new special purpose acquisition company formed by famed investor and serial entrepreneur Reid Hoffman,  Zynga founder Mark Pincus and veteran hedge fund manager Michael Thompson, filed Monday for a $600 million initial public offering.

The SPAC was formed by Hoffman, Pincus and Thompson, formerly of BHR Capital, with the intention of merging with a technology company. Thompson will be director, CEO and CFO. Hoffman and Pincus are co-lead directors. The company plans to list on the NYSE under the symbol RTP.U. Once, and if, the Reinvent Technology Partners raises the $600 million, the capital will move into a blind trust until its management team decides which company it wants to acquire. [ Tech Crunch ]

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