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SVF Investment Corp. 3 (Nasdaq: SVFC) has successfully closed its initial public offering (IPO) of 32 million Class A ordinary shares, generating gross proceeds of $320 million at $10.00 per share. The shares began trading on Nasdaq on March 9, 2021, with an over-allotment option fully exercised. Additionally, an affiliate of the sponsor entered a forward purchase agreement for up to $200 million in shares. The company, backed by SoftBank Investment Advisers, aims to merge or acquire one or more technology-enabled businesses.
SVF Investment Corp has advised that the news release titled, "SoftBank's SVF Investment Corp. 3 Announces Closing of $320,000,000 Million Initial Public Offering," issued on March 11, 2021, should be disregarded. This indicates a potential retraction of the IPO announcement, which could create confusion among investors and stakeholders.
SVF Investment Corp. 2, trading under the ticker symbol SVFB, successfully closed its initial public offering on March 11, 2021. The company sold 23,000,000 Class A ordinary shares at $10.00 each, raising $230,000,000 in gross proceeds. The offering included an over-allotment option that allowed for an additional 3,000,000 shares. An affiliate has committed to purchase $150,000,000 of Class A shares in a private placement related to future business combinations. SVF Investment Corp. 2 is backed by SoftBank Investment Advisers.
SVF Investment Corp. 3 (Nasdaq: SVFC) successfully closed its initial public offering (IPO) on March 11, 2021, of 28 million Class A ordinary shares, raising gross proceeds of $320 million at a public price of $10.00 per share. The IPO included a full exercise of the underwriters' over-allotment option for an additional 4 million shares. The shares began trading on Nasdaq on March 9, 2021. The company intends to focus on technology-enabled sector acquisitions and has a forward purchase agreement for up to $200 million in private placements.
SVF Investment Corp. 3, backed by SoftBank Investment Advisers, has priced its initial public offering (IPO) of 28 million Class A ordinary shares at $10.00 each, raising $280 million. The shares will be listed on Nasdaq under the ticker SVFC from March 9, 2021. Additionally, the company has entered a forward purchase agreement for up to $200 million in shares to be acquired alongside its first business combination. This IPO aims to facilitate acquisitions in the technology-enabled sector, leveraging SBIA's extensive investment expertise.
SVF Investment Corp. 2 announced the pricing of its initial public offering (IPO) of 20 million Class A ordinary shares at $10.00 per share, aiming to raise $200 million. The shares will trade on Nasdaq under the ticker symbol SVFB starting March 9, 2021. The Company, sponsored by SoftBank Investment Advisers, seeks to engage in business combinations within the technology sector. Additionally, an affiliate entered a forward purchase agreement to buy up to $150 million in shares post-IPO. Five investment banks are managing the offering.
SVF Investment Corp. (Nasdaq: SVFAU) has closed its initial public offering, raising $603.75 million by issuing 60,375,000 units at $10.00 each, including 7,875,000 units from the underwriters' over-allotment option. Trading began on January 8, 2021. Each unit consists of one Class A ordinary share and one-fifth of a warrant. Additionally, there is a forward purchase agreement for $300 million in units. SVF Investment Corp. is sponsored by SoftBank Investment Advisers and aims to engage in mergers or acquisitions in technology sectors.
