Cvent went public via a SPAC merger with Dragoneer Growth Opportunities II in a $5.3bn deal.

Cvent, a meetings, events, and hospitality technology provider, went public via a SPAC merger with Dragoneer Growth Opportunities II, a special purposes acquisition company, in a $5.3bn deal. Investors in the PIPE include Fidelity Management & Research Company, Hedosophia, Oaktree Capital Management, and Zoom Video Communications. “This is an exciting day for Cvent and our more than 4,000 employees around the world. The closing of our Business Combination and our return to the public markets represents an important inflection point for our company and the industry. Organizations around the world want to get back to meeting – whether virtually, in-person, or both with hybrid – and are leveraging technology more than ever to connect with their attendees. We’ve invested heavily in our virtual and hybrid event solutions so that now, no matter how our nearly 21,000 customers want to bring people together, Cvent can help them deliver more engaging, impactful experiences. The proceeds from this transaction enable us to expand our global headcount, drive innovation, and help us deliver on our long-term growth objectives," Reggie Aggarwal, Cvent Founder and CEO.