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Tech SPAC two prices $200 million IPO

March 30, 2021
TWOA

two, the second blank check company led by the co-founder of Eventbrite and other industry veterans targeting the tech sector, raised $200 million by offering 20 million shares at $10. The offering did not contain warrants.

The company is led by Co-CEO and Director Kevin Hartz, the co-founder and Chairman of Eventbrite (EB), co-founder of Xoom, and former entrepreneur in residence at Founders Fund; Co-CEO Gautam Gupta, the former CFO and CBO of Opendoor.com (OPEN); and CFO Troy Steckenrider III, the former COO of ZeroDown. Chairman Pierre Lamond is currently a Partner at Eclipse Ventures and sits on the boards of several private tech companies.

The company is targeting the tech industry, stating that it intends to partner with founders, operators, and entrepreneurs to build great companies that advance the technology industry, which it refers to as the "Innovation Economy." Management's previous SPAC, one (AONE; +19% from $10 offer price), has a pending merger agreement with additive manufacturing platform Markforged.

two plans to list on the NYSE under the symbol TWOA. Citi acted as a lead manager on the deal.