IPO for SPAC Dragoneer Growth Opportunities Corp. III (DGNU) Opened at $10.02

March 23, 2021 11:36 AM EDT

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Today's IPO for SPAC Dragoneer Growth Opportunities Corp. III (NASDAQ: DGNU) opened for trading at $10.02 after pricing 40,000,000 Class A ordinary shares at a price to the public of $10.00 per share.

The Company has also entered into a forward purchase agreement for the purchase of up to 5,000,000 forward purchase shares with funds affiliated with Dragoneer Growth Opportunities Holdings III. Any such purchase will take place in a private placement to close substantially concurrently with the closing of the Company’s initial business combination.

The Company is led by Marc Stad, Pat Robertson and Christian Jensen, and is a newly organized blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction with one or more businesses or entities.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as book-running managers in the offering.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories


Related Entities

JPMorgan, Goldman Sachs, Citi, Definitive Agreement, IPO, SPAC