InterPrivate V Prices $175M IPO of 17.5M Units at $10
InterPrivate Investment Partners V priced 17,500,000 units at $10 each, raising $175 million through an IPO that includes a 45-day option for 2,625,000 more units. Each unit comprises one Class A share and one-third warrant exercisable at $11.50, with Nasdaq trading expected June 4 under IPVVU.
1. IPO Pricing and Structure
InterPrivate Investment Partners V offered 17,500,000 units at $10.00 each for a total of $175 million, with a 45-day over-allotment option of 2,625,000 additional units. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant exercisable at $11.50 per share, subject to adjustments.
2. Nasdaq Listing Details
Units will begin trading on the Nasdaq Global Market under the ticker IPVVU on June 4, 2026. Upon separation, Class A ordinary shares and warrants are expected to list under the symbols IPVV and IPVVW, respectively, providing distinct trading options for investors.
3. SPAC Purpose and Management
As a blank check company, InterPrivate V aims to merge, acquire, or reorganize with a target business, leveraging the experience of affiliates of Ahmed M. Fattouh and a management team spanning private equity, technology, and digital assets. Net proceeds will fund the search for a high-quality target to access public markets.
