SPAC Dragoneer Growth Opportunities III prices $400 million IPO

Dragoneer Growth Opportunities III, the third blank check company formed by Dragoneer Investment Group, raised $400 million by offering 40 million shares at $10. The company did not offer units with warrants attached. It may raise an additional $50 million at the closing of an acquisition pursuant to a forward purchase agreement with Dragoneer.

The company is led by Chairman Marc Stad, the founder, CEO, CIO, and Managing Partner of Dragoneer Investment Group, and CEO Christian Jensen, a Partner at Dragoneer. The company plans to target the software, internet, media, consumer/retail, healthcare IT, and financial services/fintech sectors.

Dragoneer Growth Opportunities III plans to list on the Nasdaq under the symbol DGNU. Citi, Goldman Sachs and J.P. Morgan acted as lead managers on the deal.

The article SPAC Dragoneer Growth Opportunities III prices $400 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Renaissance Capital

Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products.

Learn More