Reinvent Technology Partners Y’s (NASDAQ:RTPYU) Quiet Period To End on April 26th

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Reinvent Technology Partners Y’s (NASDAQ:RTPYU) quiet period is set to end on Monday, April 26th. Reinvent Technology Partners Y had issued 85,000,000 shares in its initial public offering on March 16th. The total size of the offering was $850,000,000 based on an initial share price of $10.00. During Reinvent Technology Partners Y’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Shares of NASDAQ:RTPYU opened at $10.24 on Wednesday. Reinvent Technology Partners Y has a twelve month low of $9.80 and a twelve month high of $10.52.

About Reinvent Technology Partners Y

Reinvent Technology Partners Y, a blank check company, intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses or entities. The company was founded in 2020 and is based in New York, New York.

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