IPOF - Investor Palihapitiya SPAC IPOF falls on report of potential Equinox gym deal

May, 05 2021 08:39 AM Social Capital Hedosophia Holdings Corp. VI Class A

Chamath Palihapitiya's Social Capital Hedosophia Holdings Corp. VI (IPOF) SPAC dropped 2.9% in premarket trading on a report that its in talks to take gym owner Equinox Holdings public.A transaction could value the combined company at more than $7.5B, according to a Bloomberg report. The talks between the SPAC and Equinox, which also operates SoulClycle (SOULC) and Blink Fitness, aren't finalized and could still fall apart.Sportico reported in late March that SoulCycle and Equinox were reportedly in talks to go public through a SPAC. Equinox was reportedly having meetings with as many as 12 blank-check operators and is considering a listing that would give the company a valuation of $9b or more.Spinning studio SoulCycle originally filed for an IPO in 2015

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Investor Palihapitiya SPAC IPOF falls on report of potential Equinox gym deal

Company Name:	Social Capital Hedosophia Holdings Corp. VI Class A
Stock Symbol:	IPOF
Market:	NYSE

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