Pine Technology Acquisition Corp. Unit Stock Forecast, Price & News

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(PTOCU) raised $300 million in an IPO on Thursday, March 11th 2021. The company issued 30,000,000 shares at a price of $10.00 per share. Cantor acted as the underwriter for the IPO and Odeon Capital Group was co-manager.

Pine Technology Acquisition Corp. Unit trades on the NASDAQ under the ticker symbol "PTOCU."

Pine Technology Acquisition Corp. Unit's quiet period expires on Tuesday, April 20th. Pine Technology Acquisition Corp. Unit had issued 30,000,000 shares in its public offering on March 11th. The total size of the offering was $300,000,000 based on an initial share price of $10.00. During Pine Technology Acquisition Corp. Unit'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 SEC regulations. Following the end 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 PTOCU can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PTOCU stock can currently be purchased for approximately $9.93.

The official website for Pine Technology Acquisition Corp. Unit is www.pinetechnology.com.

The company can be reached via phone at 212-402-8216.