Kismet Acquisition Three Corp. announced the pricing of its $250 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “KIIIU,” Thursday, February 18.
The new company aims to combine with a technology business with attractive growth in Europe with a particular focus on Russia. Kismet Three is led by Chairman and CEO Ivan Tavrin alongside Directors Martin Avetisyan, Clifford Tompsett and Ross Z. Lukatsevich.
Total SPAC deal count for 2021 year-to-date is now 153 with a total of $46.5 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 serving as book-running managers for this 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.
Some renewed hope around a 2024 rate cut propelled several stocks skyward in late Monday trading, and a large number of the day’s biggest gainers are tech-focused recent de-SPACs. The biggest one-day gain among de-SPACs late in the trading day is the +51.4% held by software firm XBP Europe (NASDAQ:XBP), which spun out from Exela...
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Terms Tracker for the Week Ending May 3, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The big news this week was that SPACs finally had a new IPO price with Churchill Capital Corp. IX’s $250 million offering on Thursday. SPACs...
Real estate marketplace Opendoor (NASDAQ:OPEN) is poised to be the latest de-SPAC to take a double-digit jump on earnings as it heads towards the weekend up +10%, having spiked as high as +27% earlier in the day. The movement comes as the former Social Capital II target reported progress towards profitability despite a high rates...