TPG Pace Tech Opportunities Corp.
PACE-UN
New York Stock Exchange11.69
USD
-0.46
- -
TPG Pace Tech Opportunities Corp.
PACE-UN
(New York Stock Exchange)
Recent
price
11.69
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- TPG Pace Tech Opportunities Corp. (NYSE: PACE-UN) operates as a blank check company, or special purpose acquisition company (SPAC), sponsored by TPG Pace Group, with no significant independent operations and a focus on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination targeting technology-enabled businesses in sectors such as enterprise software, internet software and services, IT services, and application software; it offers Class A ordinary shares, units, and warrants as its primary securities traded on the New York Stock Exchange. Founded in 2020 and headquartered at 301 Commerce Street, Suite 3300, Fort Worth, Texas, United States, the company completed an initial public offering in October 2020 raising $450 million in gross proceeds plus $150 million from forward purchase agreements to pursue a target in the technology space that aligns with TPG's expertise in private equity, growth equity, and transformative operations. In September 2021, TPG Pace Tech Opportunities Corp. merged with Nerdy Inc., an online learning platform providing live personalized instruction, 1:1 sessions, multi-format courses, and direct-to-school initiatives across thousands of subjects for learners of all ages, with the combined entity trading under the ticker NRDY post-combination, representing TPG Pace Group's fourth successful SPAC deal since 2017 amid its broader strategy through TPG, a global alternative asset manager with approximately $108 billion in assets under management and offices worldwide including Beijing, Hong Kong, London, New York, and San Francisco.
TPG Pace Tech Opportunities Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing November 27, 2020