- Reinvent Technology Partners Y has filed to raise $850 million in an IPO of its Class A units.
- The SPAC is the third to be created by co-lead directors Reid Hoffman and Mark Pincus.
- RTPYU intends to seek a merger with a consumer Internet or mobile gaming company, the two areas of special expertise by the directors.
- Hoffman and Pincus are highly visible, experienced and well-regarded in technology circles, so the large SPAC should perform well and is worth a close look.
For further details see:
Reinvent Technology Partners Y Is Biggest SPAC Vehicle Yet For Reid Hoffman