Gores Technology Partners II (GTPBU) Prices $400M IPO


Gores Technology Partners II (GTPBU) Prices $400M IPO

Gores Technology Partners II announced the pricing of its $400 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTPBU”, Friday, March 12.

The new company aims to combine with a consumer internet target that can benefit from the Gores network and has valuable technology. Gores Technology II is led by Chairman Alec Gores alongside Co-CEOs Ted Fike and Justin Wilson and CFO and Secretary Andrew McBride.

Total SPAC deal count for 2021 year-to-date is now 248. This offering is expected to close on Tuesday, March 16.

Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC are serving as joint book-running managers for the offering.. Weil, Gotshal & Manges LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. KPMG LLP serves as auditor. Computershare Trust Company, N.A. is acting as trustee.