Khosla Ventures Acquisition Co. III (KVSC) Prices $500M IPO

Khosla Ventures Acquisition Co. III announced the pricing of its $500 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “KVSC”, Wednesday, March 24.

The new company aims to combine with a high-quality growth target addressing large markets with proprietary technology. Khosla II is led by founder Vinod Khosla, CEO Samir Kaul and COO, CFO, Treasurer and Secretary Peter Buckland.

Total SPAC deal count for 2021 year-to-date is now 294. This offering is expected to close on Friday, March 26.

Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are serving as the book-running manager for this offering. Latham & Watkins 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.