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Movella (Pathfinder Acquisition) Priced, Nasdaq: MVLA

Blank check company formed by HGGC and Industry Ventures targeting technology (completed 2/13/2023).

Industry: SPAC

First Day Return: +5.4%

Industry: SPAC

We are a newly incorporated blank check company. Our company represents a partnership between affiliates of HGGC, a leading middle-market private equity firm, and Industry Ventures, a leading multi-strategy venture capital firm, as members of our sponsor group. We intend to focus our search on a growth-oriented technology or technology-enabled target that is at a key inflection point in its evolution and a beneficiary of secular tailwinds in one of several rapidly changing segments of the global economy. We believe this collaboration between affiliates of HGGC and Industry Ventures creates a unique partnership between a leading middle market private equity firm with a long-standing track record of investing success across industries and economic cycles, and a best-in-class multi-strategy venture capital platform with unparalleled access to thousands of private venture-backed growth companies, a proprietary database of financial and other information on these companies, and a deep understanding of the attributes and trends that will position a company for success in this changing environment. Our company is led by a management team with decades of experience as a crossover investor and dealmaker across the public-private spectrum.
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IPO Data
IPO File Date 01/28/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 30.0
Deal Size ($mm) $300
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/16/2021
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $300
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Palo Alto, CA, United States
Founded 2020
Employees at IPO 3

Movella (Pathfinder Acquisition) (MVLA) Performance