GTY Technology Holdings, a blank check company formed by the former CEOs of Accenture and EMC to acquire a technology business, announced terms for its IPO on Monday.
The Las Vegas, NV-based company plans to raise $300 million by offering 30 million units at a price of $10. At the midpoint of the proposed range, GTY Technology Holdings would command a market value of $375 million.
GTY Technology Holdings was founded in 2016 and plans to list on the Nasdaq under the symbol GTYHU. It filed confidentially August 2016. Citi is the sole bookrunner on the deal. No pricing date was disclosed.
