IPO for SPAC Decarbonization Plus Acquisition Corporation II (DCRN) Opens at $11.31

February 4, 2021 12:02 PM EST

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Today's IPO for SPAC Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRN) (NASDAQ: DCRNU) opened for trading at $11.31 after pricing 35,000,000 units at a price of $10.00 per unit.

Decarbonization Plus Acquisition Corporation II was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. The Company intends to focus its search for a target whose principal effort is developing and advancing a platform that decarbonizes the most carbon-intensive sectors, including the energy and agriculture, industrials, transportation and commercial and residential sectors. The Company is sponsored by Decarbonization Plus Acquisition Sponsor II, LLC, which is an affiliate of Riverstone Investment Group LLC and its affiliates. Decarbonization Plus Acquisition Corporation II represents a further expansion of Riverstone's 15-year franchise in low-carbon investments, having established industry leading, scaled companies with more than $5 billion of equity invested in renewables. This IPO adds to the breadth of Riverstone's efforts and underscores the support from the firm's long-term investors across its low-carbon platforms.

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