Starry went public via a SPAC merger with FirstMark Horizon Acquisition in a $1.66bn deal.

Starry, a wireless technology developer and internet service provider, went public via a SPAC merger with FirstMark Horizon Acquisition in a $1.66bn deal. The transaction includes a $130m PIPE from ArrowMark Partners, Atreides Management, Fidelity Management & Research Company, Tiger Global Management, and affiliates of FirstMark Capital. The combined company will continue to operate as Starry and is expected to begin trading on the New York Stock Exchange on March 29, 2022 under the ticker symbol “STRY.” “We’re proud to complete this business combination to bring Starry to the public markets. It has always been our strong conviction that a key driver of long-term value creation is investing in truly exceptional, mission-driven founders who have the discipline, passion and vision to change the world. From the start, Starry understood the criticality of making broadband internet more accessible, more affordable and more ubiquitous, to the benefit of advancing communities. So they built technology and a business that is capable of disrupting the status quo in an enormous, largely uncompetitive broadband market. Chet and the team have built this company with integrity, with heart and with a laser-focus on innovation, execution and delighting the customer - all key ingredients to long-term success and value creation,” Amish Jani, FirstMark Horizon Acquisition Chairman and President.