Reinvent Technology Partners Y

Reinvent Technology Partners Y

RTPYU
Reinvent Technology Partners YUS flagNASDAQ Global Select
10.50
USD
+0.28
- -
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Capital Structure

FRC

in mil. unless spec.
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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChatGPT
CEO
Michael Neal Thompson CFA
Sector
Financial Services
Industry
Shell Companies
Address
215 Park Avenue New York City NY United States of America 10003
IPO Date
Mar 16, 2021
Business
Reinvent Technology Partners Y (NASDAQ:RTPYU) operates as a special purpose acquisition company, or blank check company, focused on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more technology businesses. Founded in 2021 and headquartered at 215 Park Avenue in New York, New York, the SPAC leverages the operating expertise of its founders—Mark Pincus, Michael Thompson, and Reid Hoffman—in scaling technology companies across sectors such as social networks, gaming, payments, artificial intelligence, autonomous vehicles, and mobility. The company raised approximately $850 million in its initial public offering in March 2021 through the issuance of 85 million units. In a major strategic development, Reinvent Technology Partners Y completed a business combination with self-driving technology company Aurora on November 3, 2021, resulting in over $1.8 billion in gross proceeds from PIPE investments and cash on hand; upon closing, RTPY rebranded as Aurora Innovation, Inc. (NASDAQ:AUR), with its common stock and warrants trading under the new tickers AUR and AUROW, respectively.