This is an offering of Class A ordinary shares and not units, which are typically offered by blank-check companies or SPACs. This is the second blank-check company, or special-purpose acquisition company (SPAC), formed by an affiliate of Dragoneer Investment Group LLC. 

We intend to pursue opportunities with private high-quality growth companies. We will use our experience in sourcing transactions and portfolio company due diligence to seek to identify and negotiate a combination with an exceptional business. Our team focuses on software, Internet, media, consumer/retail, healthcare IT and financial services/fintech, and our expectation is that our ultimate target will be in one of those sectors, although we may consummate a transaction with a business in a different industry.

Dragoneer has a long track record of successfully identifying category and industry leaders. Some of Dragoneer’s prior investments in the private markets include Alibaba (IPO 2014), Datadog (IPO 2019), Dollar Shave Club (acquired 2016), DoorDash, Klarna, Nubank, PointClickCare, Slack (direct list 2019), Snowflake (IPO 2020), Spotify (direct list 2018) and Uber (IPO 2019).

(Note: The IPO was upsized at pricing: 24 million units were sold at $10 each, up from the filed terms of 20 million units at $10 each.)