ION Acquisition Corp 2 Ltd. (IACB.U) Prices $220M IPO


ION Acquisition Corp 2 Ltd. (IACB.U) Prices $220M IPO

Feb 11, 2021 IPOs by Matt Cianci

ION Acquisition Corp 2 Ltd. announced the pricing of its $220 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “IACB.U” Thursday, February 11.

The new company aims to focus on the rapidly growing universe of Israeli companies and entrepreneurs that apply technology and innovation to everyday lives. ION Acquisition Corp 2 is led by Chairman Jonathan Kolber, CEO Gilad Shany, CFO Anthony Reich, and President & COO Avrom Gilbert.

Total SPAC deal count for 2021 year-to-date is now 135 with $40.6 billion in gross proceeds raised. This offering is expected to close on Tuesday, February 16.

Goldman Sachs & Co. LLC and Morgan Stanley are serving as joint book-running managers for the offering. AmeriVet Securities is acting as co-manager for the offering. White & Case LLP is serving as Issuer’s Counsel with Greenberg Traurig, P.A. serving as Underwriter’s Counsel. Kost Forer Gabbay & Kasierer serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.