Innovative International Acquisition Corp. (IOACU) Prices $200M IPO


Innovative International Acquisition Corp. (IOACU) Prices $200M IPO

Oct 27, 2021 IPOs by Marlena Haddad

Innovative International Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IOACU” Wednesday, October 27.

The new SPAC intends to acquire an organization in the consumer technology, healthcare, information technology services, or enterprise software as a service (SaaS) sector. Innovative International is led by Chairman and CEO Mohan Ananda, Ph.D., COO Madan Menon, and CFO Elaine Price.

The total SPAC deal count for 2021 year-to-date is now 493. This offering is expected to close on Friday, October 29.

Cantor is serving as the sole book-running manager for the offering. Reed Smith LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. American Stock Transfer & Trust Company, LLC is acting as trustee.