Dragoneer Growth Opportunities Corp. II announced the pricing of its upszied $240 million IPO this evening and its shares are expected to begin trading on the Nasdaq under the symbol “DGNS” tomorrow, Tuesday, November 17.
The new company aims to combine with a target in the software, internet, media, consumer/retail, healthcare IT, or fintech sectors. Dragoneer II is led by Chairman and CEO Marc Stad alongside President, COO and Director Pat Robertson.
Total SPAC deal count for 2020 year-to-date is now 181 with $65.5 billion in gross proceeds raised. This offering is expected to close on Thursday, November 19.
Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC are acting as book-running managers in the offering. Ropes & Gray LLP is serving as Issuer’s Counsel with Latham & Watkins LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.