Altimeter Growth Corp. 2 upsized its IPO today for the seocnd time since the initial registration last month, with plans to offer 40 million units at $10 each to raise $400 million. That’s twice the size of the initial offering registered three weeks ago.
The SPAC intends to focus on targets “in a secular-growth area of the technology sector that will compound growth over the long-term for exponential value creation.”
The SPAC is led by CEO and Chairman Brad Gerstner, founder and CEO of Altimeter Capital.
Shares start trading today on the NYSE under AGCB. Read more.
