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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%

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.
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

Created with Highcharts 10.3.2Chart context menuMVLA vs. IPO Index (IPOUSA)Apr '21Jul '21Oct '21Jan '22Apr '22Jul '22Oct '22Jan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '250%-75%-50%-25%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index