Motive Capital Corp. II (MTVC.U) Prices Upsized $300M IPO


Motive Capital Corp. II (MTVC.U) Prices Upsized $300M IPO

Motive Capital Corp. II announced the pricing of its upsized $300 million IPO and its units are expected to begin trading on the NYSE under the symbol “MTVC.U” Tuesday, December 7.

The new SPAC intends to combine with a fintech business that specializes in banking & payments, capital markets, data & analytics, insurance, and investment management. Motive Capital II is led by Executive Chairman and CEO Rob Heyvaert, President Blythe Masters, and CFO Kristy Trieste.

Total SPAC deal count for 2021 year-to-date is now 573. This offering is expected to close on Thursday, December 9.

UBS Investment Bank and J.P. Morgan are acting as joint book-running managers for the offering. Gibson, Dunn & Crutcher 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.