Dragoneer Growth Opportunities Corp. III (DGNU) Prices $400M IPO


Dragoneer Growth Opportunities Corp. III (DGNU) Prices $400M IPO

Dragoneer Growth Opportunities Corp. III announced the pricing of its $400 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “DGNU”, Tuesday, March 23.

The new company aims to combine with a target that has sustainable competitive differentiation and a large market relative to its current size. Dragoneer III is led by Chairman Marc Stad, CEO Christian Jensen and President and COO Pat Robertson.

Total SPAC deal count for 2021 year-to-date is now 282. This offering is expected to close on Thursday, March 25.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as book-running managers in the offering. Ropes & Gray LLP is serving as Issuer’s Counsel with Latham & Watkins LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.