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Aurora (Reinvent Technology Partners Y) Priced, Nasdaq: AUR

Third blank check company formed by Reid Hoffman and Mark Pincus targeting the tech sector (completed 11/3/2021).

Industry: SPAC

First Day Return: +1.1%

Industry: SPAC

Reid Hoffman, Mark Pincus, and Michael Thompson have established Reinvent Technology Partners Y, a newly formed blank check company, to partner with a technology business to innovate and achieve entrepreneurship at scale by leveraging their operating expertise as founders of iconic technology companies, their experience building companies as advisors and board members, and the capital raised in this offering. Following the business combination, Mr. Hoffman, Mr. Pincus, and Mr. Thompson seek to serve as long-term partners with the CEO and management team of the newly combined company to grow the business as a public company and build an industry leader. Mr. Hoffman, Mr. Pincus, and Mr. Thompson are business builders who believe that companies operating at scale benefit from continued entrepreneurship. Entrepreneurship at scale requires leaders and their boards of directors to think bigger, act more boldly, and pursue continuous reinvention. Members of our team have a long history of supporting world-class CEOs and management teams as they act as entrepreneurs at scale.
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Aurora (Reinvent Technology Partners Y) (AUR) Performance