Brief: Cvent To Become Publicly Traded After Combining With Dragoneer Growth Opportunities Corp II

Cvent Holding

23/07/2021 14:11

July 23 (Reuters) - Dragoneer Growth Opportunities Corp II
 DGNS.O :
    * CVENT, A LEADING ENTERPRISE EVENT TECHNOLOGY PROVIDER, TO
BECOME
PUBLICLY TRADED AFTER COMBINING WITH DRAGONEER GROWTH
OPPORTUNITIES CORP. II
    * DRAGONEER GROWTH OPPORTUNITIES CORP II - CVENT EXPECTS TO
RAISE
$801 MILLION TO ACCELERATE INNOVATION AND EXPAND ITS PRODUCT
OFFERINGS
    * DRAGONEER GROWTH OPPORTUNITIES CORP II - TRANSACTION
IMPLIES A
PRO FORMA, POST-MONEY ENTERPRISE VALUATION OF ABOUT $5.3 BILLION
FOR CVENT
    * DRAGONEER GROWTH OPPORTUNITIES CORP II - VISTA EQUITY
PARTNERS,
CVENT MANAGEMENT TEAM TO ROLL ENTIRE EXISTING EQUITY HOLDINGS
INTO COMBINED COMPANY
    * DRAGONEER GROWTH OPPORTUNITIES CORP II - GROUP OF LEADING
INVESTORS HAS COMMITTED TO PARTICIPATE IN DEAL THROUGH A COMMON
STOCK PIPE OF $475 MILLION
    * DRAGONEER GROWTH OPPORTUNITIES CORP II - PIPE INCLUDES
PARTICIPATION FROM ZOOM VIDEO COMMUNICATIONS, FIDELITY
MANAGEMENT & RESEARCH COMPANY, AMONG OTHERS
    * DRAGONEER GROWTH OPPORTUNITIES CORP II - PIPE INCLUDES
PARTICIPATION FROM HEDOSOPHIA, OAKTREE CAPITAL MANAGEMENT L.P.,
AMONG OTHERS
    * DRAGONEER GROWTH OPPORTUNITIES CORP II - ON CLOSING,
COMBINED
COMPANY WILL OPERATE AS CVENT HOLDING CORP, AND IS EXPECTED TO
TRADE UNDER TICKER "CVT"

Source text for Eikon:  ID:nBw9hksWka 
Further company coverage:  DGNS.O 

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