Kismet Acquisition Two Corp. (KAIIU) Prices $200M IPO


Kismet Acquisition Two Corp. (KAIIU) Prices $200M IPO

Kismet Acquisition Two Corp. announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “KAIIU,” Thursday, February 18.

The new company aims to combine with a TMT or consumer business with a proven business model, but limited access to capital markets. Kismet Two is led by Chairman and CEO Ivan Tavrin alongside Directors Verdi Israelyan, Clifford Tompsett and Leonid Zilber.

Total SPAC deal count for 2021 year-to-date is now 152 with a total of $46.2 in proceeds raised. This offering is expected to close on Monday, February 22.

Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, and BofA Securities, Inc are acting as joint book-running managers for the offering. Greenberg Traurig LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.