dMY Technology Group III (DMYI.U) Prices Upsized $275M IPO


dMY Technology Group III (DMYI.U) Prices Upsized $275M IPO

dmy Technology Group, Inc. III announced the pricing of its upsized $275 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “DMYI.U” tomorrow, Friday, November 13.

The new company aims to combine with a consumer-facing technology target valued at $1 billion to $3 billion with a compelling mobile app platform. dmy III is led by CEO and Director Niccolo de Masi and Chairman Harry L. You.

Total SPAC deal count for 2020 year-to-date is now 178 with $64.8 billion in gross proceeds raised. This offering is expected to close on Friday, November 13.

Goldman Sachs & Co., LLC is acting as the sole bookrunner for the offering and Needham & Company and Academy Securities, Inc. are acting as co-managers of the offering. White & Case LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.