Range Capital Acquisition Corp. II said late Thursday it has priced its initial public offering of 20 million units at $10 per unit.

Each unit, expected to begin Nasdaq trading Friday under the ticker "RNGTU," consists of one share and one-half of a redeemable warrant, the blank-check company said.

Once the securities begin separate trading, the shares and warrants are expected to be listed under the symbols "RNGT" and "RNGTW," respectively, the company said.

Underwriters have been granted a 45-day option to purchase up to 3 million additional units to cover any over-allotments, Range Capital said.