Virgin Galactic to be listed on the New York Stock Exchange as early as October 28th

Spaceflight tourism venture Virgin Galactic is expected to be listed on the New York Stock Exchange as early as Monday, October 28th, CNBC reports. The listing comes after the company’s shareholders approved Virgin Galactic’s merger with venture capitalist Chamath Palihapitiya’s Social Capital Hedosophia — a deal that is expected to close on Friday, October 25th, according to filings with the Securities and Exchange Commission. The company’s stock will be listed under the symbols SPCE.

Virgin Galactic announced in July that it planned to become the first space tourism company to go public through a reverse merger with Social Capital Hedosophia. The deal involved a roughly $800 million investment from Social Capital, which would acquire a…

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via The Verge – All Posts

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