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Crypto and Fintech VC Ribbit Capital Seeks $350M in ‘Blank Check’ IPO- CoinDesk

bit2Big > Bitcoin News > Crypto and Fintech VC Ribbit Capital Seeks $350M in ‘Blank Check’ IPO- CoinDesk

Ribbit Capital, a major investor in fintech startups including cryptocurrency and blockchain ventures, is seeking to raise $350 million for a “blank check” company that would make acquisitions.

While it’s unclear how much Ribbit Leap will focus on crypto or blockchain acquisitions, the filing comes at a time of renewed exuberance in the sector. Aside from the bull run in coin prices, fledgling exchange INX Ltd. has launched an on-chain regulated IPO, and heavyweights Coinbase and Ripple are reportedly eyeing public listings.

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