Reinvent Technology Partners Y (RTPYU) Prices $850M IPO


Reinvent Technology Partners Y (RTPYU) Prices $850M IPO

Reinvent Technology Partners Y announced the pricing of its $850 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RTPYU,” Tuesday, March 16.

The new company aims to combine with a late-stage private technology target whose business Reinvent’s team can materially improve. Reinvent Y is led by CEO and CFO Michael Thompson alongside Secretary David Cohen.

Total SPAC deal count for 2021 year-to-date is now 255. This offering is expected to close on Thursday, March 18.

Morgan Stanley & Co. LLC is serving as the sole book-running manager with Academy Securities, AmeriVet Securities and C.L. King & Associates acting as co-managers for this offering. Skadden, Arps, Slate, Meagher & Flom 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 is acting as trustee.