Satellite imagery provider Planet Labs made its market debut Wednesday following a reverse merger with special purpose acquisition company (SPAC) dMY Technology Group IV (NYSE:DMYQ).
The public listing will raise $590 million of capital for Planet Labs, which plans to use the proceeds to expand its software offerings and hire more sales staff. The company began trading on the New York Stock Exchange under the ticker symbol PL.
Here is what investors should know about Planet Labs as the company goes public.
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