SVF Investment Corp. 3 (SVFC) Prices $280M IPO


SVF Investment Corp. 3 (SVFC) Prices $280M IPO

SVF Investment Corp. 3 announced the pricing of its $280 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “SVFC,” Tuesday, March 9.

The new company aims to combine with a telecom, cloud data, AI or robotics target with sustainable and profitable growth ahead of it. SVF 3 is led by Chairman and CEO Ioannis Pipilis alongside CFO Navneet Govil.

Total SPAC deal count for 2021 year-to-date is now 230. This offering is expected to close on Thursday, March 11.

Citigroup Global Markets Inc., UBS Securities LLC, Deutsche Bank Securities Inc., Cantor Fitzgerald & Co., and Mizuho Securities USA LLC are acting as book-running managers in the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.