Cvent to go public via merger with SPAC Dragoneer Growth in $5.3 billion deal

Cvent to go public via merger with SPAC Dragoneer Growth in $5.3 billion deal
·1 min read

Cvent, a meetings, events and hospitality tech provider, said Friday it is going public by merging with special purpose acquisition corporation Dragoneer Growth Opportunities Corp. II in a deal with an initial enterprise value of $5.3 billion. Cvent will have $801 million in cash once the deal closes and will use the funds for product innovation, R&D, to pay down debt and solidify its stake in the market for in-person, virtual and hybrid events, that it expects is valued at $30 billion. The stoc

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting