By Katherine Hamilton
A blank-check company affiliated with Cantor Fitzgerald and run by Howard Lutnick's son has filed to go public.
Cantor Equity Partners II, a Cayman Islands special purpose acquisition company, said in a filing Monday it plans to do an initial public offering of 20 million shares at $10 a share.
Cantor Equity was incorporated in November 2020 and expects its target business will be in the financial services, healthcare, real estate services, technology or software industries. A separate company, Cantor Equity Partners I, went public in January and trades under the ticker CEPO.
The company's chief executive is Brandon Lutnick, who is chairman of the investment banking company Cantor Fitzgerald. He is also the son of U.S. Secretary of Commerce Howard Lutnick.
The company, its sponsor and its named executives are all affiliates of Cantor, a finance and real estate company that owns Cantor Fitzgerald and has controlling interest in the real estate firm Newmark Group.
Howard Lutnick was chief executive of Cantor from 1992 until he became Secretary of Commerce.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
March 10, 2025 17:22 ET (21:22 GMT)
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