InterPrivate Investment Partners V Raises $201.25M in $10 Unit IPO
InterPrivate Investment Partners V concluded its IPO on June 5, offering 20,125,000 units—including 2,625,000 over-allotment units—at $10 each to raise $201.25 million. The units began trading on the Nasdaq Global Market under the IPVVU symbol and will later list shares and warrants separately.
1. IPO Closing and Proceeds
InterPrivate Investment Partners V completed its IPO on June 5, selling 20,125,000 units at $10 each—including 2,625,000 units from the full exercise of the underwriters’ over-allotment option—to generate $201.25 million in gross proceeds before underwriting discounts, commissions and offering expenses.
2. Trading and Warrant Structure
Units began trading on the Nasdaq Global Market under the symbol IPVVU on June 4, 2026. Each unit comprises one Class A ordinary share and one-third of a redeemable public warrant, with whole warrants exercisable at $11.50 per share; once separated, shares and warrants will trade under IPVV and IPVVW, respectively.
3. SPAC Purpose and Management
As a blank check company, InterPrivate Investment Partners V intends to use the IPO proceeds to complete a merger, share exchange or similar business combination. The SPAC is controlled by affiliates of Chairman and CEO Ahmed M. Fattouh and led by President Lex Sokolin, General Counsel Brandon Bentley and an experienced board focused on private equity, technology and digital assets opportunities.
