Swiftmerge Acquisition priced its initial public offering of 20 million units at $10 each. Units begin trading today on the Nasdaq under ticker symbol IVCPU. Each consists of one Class A ordinary share and one-half of a warrant.
The company is sponsored by Swiftmerge Holdings, an affiliate of IVEST Consumer Partners. Swiftmerge intends to pursue opportunities targeting disruptive consumer companies utilizing technology and the internet to evolve the way that consumers interact with the market.
BofA Securities is acting as sole book-running manager and sole underwriter for the offering. Read more.
