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Grid Dynamics (ChaSerg Technology Acquisition) Priced, Nasdaq: GDYN

Blank check company formed by tech veterans to acquire a technology company (completed 3/5/2020).

Industry: SPAC

First Day Return: +0.4%

Industry: SPAC

We are a newly organized blank check company. Our management team believes that in recent years, a wide range of technological breakthroughs have accelerated cycles of change, radically impacting industries and business models across the world. The transformative effects of innovations as diverse as cloud computing, artificial intelligence, machine learning, data analytics, cybersecurity and ubiquitous mobile computing have upended industries both large and small, from the United States and Europe to China, India and beyond. While the business press showcases "unicorns" - private companies valued at more than $1 billion - and speculates about their long-awaited entry into the public markets, our management team believes there is an even larger number of equally impressive companies with valuations between $500 million and $1 billion. Lloyd Carney, our Chief Executive Officer, has spent more than 25 years in the technology industry. Mr. Carney became CEO of Brocade Communications Systems in 2013, which was sold to Broadcom for $5.5 billion in late 2017, and is currently a member of the board of Visa.
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IPO Data
IPO File Date 09/12/2018
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/04/2018
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $200
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters La Jolla, CA, United States
Founded 2018
Employees at IPO 2

Grid Dynamics (ChaSerg Technology Acquisition) (GDYN) Performance