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

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.

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