Aurora to go public via merger with SPAC Reinvent Technology Partners Y: Reuters

Self-driving tech startup Aurora has agreed to go public via a merger with Reinvent Technology Partners Y, a blank check company backed by Reid Hoffman and Mark Pincus, reported Reuters.

Self-driving tech startup Aurora has agreed to go public via a merger with Reinvent Technology Partners Y, a blank check company backed by Reid Hoffman and Mark Pincus, reported Reuters. The deal includes a private placement of $1 billion from investors such as Baillie Gifford, Fidelity Management and Research, T. Rowe Price, Morgan Stanley and Sequoia Capital. When the transaction closes, Aurora will trade on the NASDAQ under the new ticker symbol “AUR.”

Source: Reuters