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Latest Fortress Blank-Check Company Files for $200 Million IPO

By Josh Beckerman

 

A blank-check company backed by Fortress Investment Group filed for a $200 million initial public offering.

Andrew A. McKnight is the chief executive of Fortress Value Acquisition Corp. III, which will apply for listing on the New York Stock Exchange.

Fortress, part of Softbank Group Corp., launched blank-check companies that completed deals Vivint Smart Home Inc. and MP Materials. Another one held a $300 million IPO in August.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

November 20, 2020 17:25 ET (22:25 GMT)

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