Richard Branson joins blank-check company craze, plots $460 million IPO

British billionaire Richard Branson is getting in on Wall Street’s hottest trend: creating a company just to buy another one. The Virgin Group tycoon has founded a blank-check company called VG Acquisition Corp. that plans to raise up to $460 million through an initial public offering, securities records show. The firm is a special purpose… Continue reading at New York Post