Swiftmerge Acquisition Corp. (IVCPU) Prices $200M IPO


Swiftmerge Acquisition Corp. (IVCPU) Prices $200M IPO

Dec 14, 2021 IPOs by Marlena Haddad

Swiftmerge Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IVCPU” Wednesday, December 15.

The new SPAC intends to pursue opportunities targeting disruptive consumer companies utilizing technology and the internet to evolve the way that consumers interact with the market. Swiftmerge is led by Chairman George Jones, CEO John “Sam” Bremmer, CFO Christopher J. Munyan, and COO and Secretary Aston Loch.

Total SPAC deal count for 2021 year-to-date is now 595. This offering is expected to close on Friday, December 17.

BofA Securities is acting as sole book-running manager and sole underwriter for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.