California private-equity group launches two new SPACs in Boulder

BOULDER — The Gores Group has begun selling shares in two new special-purpose acquisition companies as it seeks to raise a combined $640 million for the blank-check companies.

The private-equity giant began trading for Gores Technology Partners Inc. (Nasdaq: GTPAU) and Gores Technology Partners II Inc. (Nasdaq: GTPBU) Friday morning, with maximum proceeds from sales to the public capped at $240 million and $400 million respectively. 

Gores is based in Los Angeles, but has used its Boulder office to launch four different SPACs in the past several months totalling $2 billion in fundraising targets.

SPACs are shell companies that are listed on public…