InterPrivate III Financial Partners priced its upsized IPO of 22.5 million units at $10 each.
Units begin trading today on the NYSE under IPVF.U. Each consists of one share of Class A common stock and one-fifth of one redeemable warrant, with whole warrants exercisable at $11.50. After the securities comprising the units begin separate trading, shares and warrants are expected to list on the NYSE under IPVF and IPVF WS, respectively.
The offering is expected to close March 9.
InterPrivate III expects to pursue targets in the financial services industry with a particular focus on tech-enabled companies with an enterprise value of $1 billion or more. Read more.
