dMY Technology Group, Inc. II (DMYD.U) Prices Upsized $240M IPO

dMY Technology Group, Inc. II (DMYD.U), announced the pricing of their upsized $240 million IPO this morning and the units are expected to begin trading today, Friday, August 14th, under the symbol NYSE: DMYD.U.

dMY Technology Group II intends to focus on companies within the broader consumer technology ecosystem that are either consumer-facing or support the infrastructure of consumer applications (“apps”), and will be led by Niccolo de Masi, as Chief Executive Officer and Director, and Harry L. You, as Chairman.

Total SPAC deal count for 2020 year-to-date is now 70 with $27.66 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, August 18, 2020.

Goldman Sachs & Co., LLC is acting as the sole bookrunner for the offering and Needham & Co., LLC is acting as co-manager of the offering. White & Case LLP and Ropes & Gray LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC, acted as auditor. Continental Stock Transfer & Trust Company is acting as trustee.