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ScION Tech Growth II Priced, Nasdaq: SCOBU

Second UK blank check company formed by ION Investment Group targeting technology (liquidated).

Industry: SPAC

Latest Trade: $10.18 +0.32 (+3.2%)

First Day Return: +5.5%

Return from IPO: -1.4%

Industry: SPAC

We are a blank check company incorporated on December 23, 2020 as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us. We intend to focus our search on technology-enabled businesses that offer specific technology solutions, broader technology software and services in the financial services sector. We expect to favor potential target businesses with certain industry and business characteristics, including long term growth prospects, high barriers to entry, opportunities for consolidation, robust recurring revenues, sustainable operating margins and lucrative free cash flow dynamics. We intend to focus on businesses where we believe our background and experience can assist in executing an accelerated plan to create value for our stockholders in the public markets.
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IPO Data
IPO File Date 01/20/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 30.0
Deal Size ($mm) $300
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/09/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 30.0
Deal Size ($mm) $300
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Citi
Company Data
Headquarters London, United Kingdom
Founded 2020
Employees 3
Website www.iongroup.com

ScION Tech Growth II (SCOBU) Performance