Blank check company Boulevard Acquisition increases shares offered, deal size is now $175 million

Boulevard Acquisition, a blank check company formed by the co-founders of Avenue Capital Management, raised the proposed deal size for its upcoming IPO on Wednesday. The New York, NY-based company now plans to raise $175 million by offering 17.5 million shares at a price of $10. The company had previously filed to offer 15 million shares. Boulevard will raise 17% greater proceeds than previously anticipated. The company, which was founded in 2013, plans to list on the NASDAQ under the symbol BLVDU. Boulevard Acquisition initially filed confidentially on December 5, 2013. Citi is the sole bookrunner on the deal. It is expected to price during the week of February 10, 2014.