ScION Tech Growth II
SCOBU
NASDAQ Capital Market10.18
USD
+0.01
- -
CIK
0001838431
ISIN
KYG310701241
CUSIP
G31070124
Return %
Stock
S&P500
1Y
3.04
26.53
3Y
-3.51
76.60
5Y
-3.51
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Andrea Pignataro
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 10 Queen St Place London United Kingdom EC4R 1BE
- IPO Date
- Feb 10, 2021
- CIK
- 0001838431
- Similar Companies
- Business
- ScION Tech Growth II is a blank check company incorporated in 2020 and headquartered in London, United Kingdom. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company specifically targets technology-enabled companies that offer technology solutions and broader technology software and services within the financial services sector. ScION Tech Growth II operates as a subsidiary of ScION 2 Sponsor LLC, which is affiliated with ION Investment Group Limited, a technology software investment firm providing workflow automation software, data, and analytics to financial institutions, governments, and corporations globally. The company does not currently have significant operations or its own products but seeks to acquire or merge with businesses that align with its focus. The latest major developments involving ScION Tech Growth II include its initial public offering in February 2021, where it priced a $300 million IPO and began trading on the Nasdaq Capital Market under the ticker symbol SCOBU. Since then, the company has maintained its blank check status, continuing to target technology-enabled financial services businesses for acquisition or merger opportunities. There is no public record of completed acquisitions, product launches, or major operational changes within the last one to two years as the company remains in its search phase for a suitable business combination. In summary, ScION Tech Growth II serves as a special purpose acquisition company (SPAC) dedicated to identifying and combining with technology software and service firms in the financial industry. Its operations are largely investment-driven, supported by strategic leadership with deep expertise in technology and finance. The company’s key focus remains on expanding its portfolio through mergers or acquisitions of targeted tech-enabled businesses, leveraging its sponsor's investment capabilities and market presence to facilitate growth in the technology software sector for financial services.