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Rover (Nebula Caravel Acquisition) Priced, Nasdaq: ROVR

Third blank check company formed by True Wind Capital targeting the tech sector (completed 7/30/2021).

Industry: SPAC

First Day Return: +3.0%

Industry: SPAC

We are a newly incorporated blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination. We have not selected any specific business combination target. As discussed below, True Wind Capital is a technology-focused private investment firm, and we are a portfolio investment held in True Wind Capital II, True Wind Capital’s most recent investment fund. Our Chief Executive Officer, Mr. Adam H. Clammer, and our Chairman, Mr. James H. Greene, Jr., are the founding partners of True Wind Capital. We intend to capitalize on the ability of our management team and the broader True Wind Capital platform to identify, acquire, and operate a business in the technology and technology-enabled services sectors that may provide opportunities for attractive long-term risk-adjusted returns, though we reserve the right to pursue an acquisition opportunity in any business or industry. True Wind Capital is a San Francisco-based private equity firm managing $1.1 billion as of June 2020 that is focused on investing in leading technology companies with a broad mandate including software, financial technology, industrial technology, healthcare IT, internet, semiconductors, and IT services.
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IPO Data
IPO File Date 11/20/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 25.0
Deal Size ($mm) $250
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 12/08/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $250
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters San Francisco, CA, United States
Founded 2020
Employees at IPO 2
Website www.truewindcapital.com

Rover (Nebula Caravel Acquisition) (ROVR) Performance