dMY Technology Group, Inc. (DMYT.U), announced the pricing of their $200 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, February 21st, under the symbol NYSE: DMYT.U.
dMY Technology Group will be focusing on companies in the the mobile application (“app”) ecosystem and consumer internet sectors and will be led by Niccolo de Masi, as Chief Executive Officer, and Harry You, as Chairman.
Total SPAC deal count for 2020 year-to-date is now 10 with $2.88 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, February 25, 2020.
Congratulations to all.
Goldman Sachs & Co. LLC and UBS Investment Bank acted as joint book-running managers for the offering. Winston & Strawn LLP and Ropes & Gray LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC acted as auditor.