Ivanhoe Capital Acquisition registered additional shares to upsize its IPO by 20 percent to $240 million. The original plan was for a $200 million raise.
The SPAC is focused on energy transition — companies shifting from fossil fuels to electrification and other energy solutions. Ivanhoe is particularly targeting companies involved in mining, processing or refining the metals used in battery systems.
Ivanhoe is led by CEO and Chairman Robert Friedland, founder and CEO of Ivanhoe Capital Corporation.
Shares begin trading today on the NYSE under IVAN.U. Read more.
