Blank-check co. Crescent Funding seeks up to $288 million in IPO

Crescent Investment Inc. cfun seeks to lift as much as $288 million in an preliminary public providing, in keeping with a submitting past due Friday with the Securities and Alternate Fee. The Los Angeles-based clean examine corporate plans to promote as much as 28.75 million stocks at $10 a work. The corporate shaped to impact "a merger, capital inventory change, asset acquisition, inventory acquire, reorganization or equivalent trade mixture with a number of companies," however has but to spot and possible goals. UBS Funding Financial institution, Financial institution of The us Merrill Lynch, and Stifel are indexed a few of the underwriters.

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