Cantor Fitzgerald CEO's blank check company CF Finance Acquisition sets terms for $250 million IPO

CF Finance Acquisition, a blank check company formed by the CEO of Cantor Fitzgerald, filed for its IPO on Friday.

The New York, NY-based company plans to raise $250 million by offering 25 million units at a price of $10. Each unit will consist of one share of common stock and one warrant to purchase one share of common stock at $11.50. At $10, CF Finance Acquisition would command a market value of $319 million.

CF Finance Acquisition was founded in 2014 and plans to list on the Nasdaq under the symbol CFFAU. Cantor Fitzgerald is the sole bookrunner on the deal.