Meetings management technology provider Cvent Holding Corp.
completed its merger with special purpose acquisition company Dragoneer Growth
Opportunities Corp. II on Wednesday, and began trading as a public company
today on the Nasdaq exchange, the company announced. The stock opened at $10.05
announced plans for the merger in July, with an anticipated $5.3 billion
valuation and about $800 million in cash. CEO
Reggie Aggarwal spoke with BTN in late November about the deal and future
plans for the company. Cvent’s
third quarter results showed 13 percent year-over-year growth, with
Aggarwal saying it was the first quarter of growth since being affected by the
pandemic in 2020.
The company, founded by Aggarwal in 1999, has about 4,000
global employees and had been public once before, prior to it being purchased
by Vista Equity Partners in 2016 for $1.65 billion. As of July, Vista said it
would roll all its Cvent holdings into the new entity, as would Cvent