Draper Oakwood Technology Acquisition (DOTAU) plans to raise $50 million in an initial public offering (IPO) on the week of September 18th, IPO Scoop reports. The company will be issuing 5,000,000 shares at a price of $10.00 per share.

The company has a market-cap of $660 million.

EarlyBirdCapital served as the underwriter for the IPO.

Draper Oakwood Technology Acquisition provided the following description of their company for its IPO: “We intend to focus our efforts on seeking and completing an initial business combination with a company that has an enterprise value above $200 million, although a target entity with a smaller or larger enterprise value may be considered. While we may pursue an acquisition opportunity in any business industry or sector we choose, we intend to capitalize on the ability of our combined team to identify and acquire a business in the technology sector in the United States (which may include a business based in the United States which has operations or opportunities outside of the United States), that is backed by institutional venture capitalists. “.

Draper Oakwood Technology Acquisition was founded in 2017 and has 0 employees. The company is located at c/o Draper Oakwood Investments, LLC, 55 East 3rd Ave. San Mateo, CA 94401, US and can be reached via phone at (713) 213-7061.

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