ScION Tech Growth II (SCOBU) Prices $300M IPO


ScION Tech Growth II (SCOBU) Prices $300M IPO

ScION Tech Growth II announced the pricing of its $300 million IPO this morning and its units are expected to begin trading on the Nasdaq under the symbol “SCOBU” Wednesday, February 10.

The new company aims to combine with technology-enabled businesses that offer specific solutions to the financial services sector. ScION Tech Growth II is led by Executive Chairman Andrea Pignataro, CEO Mathew J. Cestar and CFO Alex Triplett.

Total SPAC deal count for 2021 year-to-date is now 131 with $39.2 billion in gross proceeds raised. This offering is expected to close on Friday, February 12.

Citigroup Global Markets Inc. is acting as book-running manager of the offering. White & Case LLP is serving as Issuer’s Counsel with Weil, Gotschal & Manges LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.