SAN CARLOS, Calif.,
March 11, 2021 /PRNewswire/ --
SVF Investment Corp. 2 (Nasdaq: SVFB) (the "Company") announced
today the closing of its initial public offering of 23,000,000
Class A ordinary shares, including 3,000,000 shares issued pursuant
to the full exercise of underwriters' over-allotment option, at a
price to the public of $10.00 per
share, resulting in gross proceeds of $230,000,000.
The Company's shares began trading on the Nasdaq Capital Market
("Nasdaq") on March 9, 2021, under
the ticker symbol "SVFB". In addition, an affiliate of the sponsor
entered into a forward purchase agreement that provides for the
purchase of up to $150,000,000
forward purchase Class A ordinary shares, for $10.00 per share, in a private placement to close
substantially concurrently with the closing of the Company's
initial business combination.
The Company is sponsored by SoftBank Investment Advisers
("SBIA"), the investment manager to the SoftBank Vision Funds. The
Company was formed for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization, or
similar business combination with one or more businesses in a
technology-enabled sector. The company is led by Munish Varma, Managing Partner for SBIA, and
Navneet Govil, the CFO of SBIA.
Sunil Gulati and Fred Hochberg will serve on the board as
independent directors.
Citigroup Global Markets Inc., UBS Securities LLC, Deutsche Bank
Securities Inc., Cantor Fitzgerald & Co., and Mizuho Securities
USA LLC acted as book running
managers on the offering.
The public offering is being made only by means of a prospectus.
Copies of the prospectus relating to the offering may be obtained
for free from the U.S. Securities and Exchange Commission website
http://www.sec.gov; Citigroup Global Markets Inc., c/o 388
Greenwich Street, New York, New
York, 10013, Telephone: 1-646-291-1469; UBS Securities LLC,
1285 Avenue of the Americas, New York,
New York 10019, Attention: Syndicate , Fax +1 (212)
713-3371; Deutsche Bank Securities Inc., 60 Wall Street, 2nd Floor,
New York, New York 10005,
Attention: Equity Capital Markets – Syndicate Desk, with a copy to
Deutsche Bank Securities Inc., 60 Wall Street, 36th Floor,
New York, New York 10005,
Attention: General Counsel, Fax: +1 (646) 374-1071; Cantor
Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue,
5th Floor New York, New York
10022; Email: prospectus@cantor.com; and Mizuho Securities
USA LLC, 1271 Avenue of the
Americas, New York, NY 10020,
Attention: Equity Capital Markets.
A registration statement relating to the securities sold in the
initial public offering has been declared effective by the U.S.
Securities and Exchange Commission on March
8, 2021. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation, or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
For more information, please see www.svfinvestmentcorp.com.
Forward-looking statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the initial
public offering and the anticipated use of the net proceeds
thereof. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company's registration
statement and preliminary prospectus for the Company's offering
filed with the SEC. Copies are available on the SEC's website,
www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
About SVF Investment Corp. 2
SVF Investment Corp. 2 is a newly organized blank check company
formed by an affiliate of SoftBank Investment Advisers ("SBIA").
Through the SoftBank Vision Funds, SBIA is investing up to
$100 billion in many of the world's
leading technology companies, including those we helped take public
such as 10X Genomics, Auto1, Beike, DoorDash, Guardant Health,
OneConnect, Opendoor, PingAn Good
Doctor, Qualtrics, Relay Therapeutics, Seer, Slack, Uber,
View, Vir, and ZhongAn Insurance. SBIA's global reach, unparalleled
ecosystem, and patient capital help founders build transformative
businesses. SBIA manages one existing blank cheque company, SVF
Investment Corp., trading on the Nasdaq Capital Market under the
ticker symbol "SVFAU", "SVFA" and "SVFAW".
Contacts
For investor inquiries:
svfinvestmentcorp@softbank.com
For media inquiries: rowan@softbank.com