IPO for SPAC Kismet Acquisition Three Corp. (KIII) Opens at $10.20

February 18, 2021 10:43 AM EST

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Today's IPO for SPAC Kismet Acquisition Three Corp. (NASDAQ: KIII) (NASDAQ: KIIIU) opened for trading at $10.20 after pricing 25,000,000 units at $10.00 per unit.

The Company is a special purpose acquisition company (SPAC) led by Chairman and Chief Executive Officer, Ivan Tavrin, formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, contractual control arrangement with, purchasing all or substantially all of the assets of, or engaging in any other similar initial business combination with one or more business entities. The Company may pursue an acquisition opportunity in any industry or sector located in any region, but intends to focus on businesses in the internet and technology sectors primarily operating in Europe, including Russia.

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and BofA Securities, Inc are acting as joint book-running managers for the offering.

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