IPO of Marlena Haddad
dMY Squared Technology Group, Inc. Pricing for its downsized $60 million IPO, its units are expected to begin trading on the New York Stock Exchange on Friday, Sept. 30, 2022, under the symbol “DMYY.U.”
The new SPAC intends to focus its efforts on companies within the professional services industry that provide accounting, legal, financial, consulting or other services to public or private companies with business valuations in the $500 range. $10,000 to $2 billion. The company intends to pay particular attention to companies with strong revenue growth and continued strong cash flow. dMY Squared Technology Group is led by Co-CEO Niccolo de Masi and Co-CEO and Chairman Harry L. You.
The total number of SPAC transactions for 2022 YTD is now 78. The offering is expected to close on Tuesday, October 4th.
Needham & Company is the sole bookrunner for the offering. Cleary Gottlieb Steen & Hamilton LLP served as issuer counsel and DLA Piper LLP (US) served as underwriter counsel. WithumSmith+Brown, PC served as auditor. Continental Stock Transfer & Trust Company acts as trustee.