InterPrivate Acquisition Corp. (IPV.U) Prices Upsized $210M SPAC IPO

InterPrivate Acquisition Corp. (IPV.U), announced the pricing of their upsized $210 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Tuesday, February 4th, under the symbol NYSE:IPV.U.

InterPrivate will be led by Ahmed M. Fattouh, as Chairman and CEO, and will be joined by Alan Pinto and Brian Q. Pham, as Senior Vice Presidents.

Total SPAC deal count for 2020 year-to-date is now 3 with $865 million in gross proceeds raised. The offering is anticipated to close on Thursday, February 6, 2020.

Congratulations to all.

EarlyBirdCapital, Inc. acted as sole book-running manager for the offering and I-Bankers Securities, Inc. acted as co-manager. Graubard Miller and Greenberg Traurig LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively. Marcum LLP acted as auditor.