InterPrivate Investment Partners V closes $201.25 million IPO

InterPrivate Investment Partners V, Inc. (NASDAQ: IPVVU) completed its initial public offering of 20,125,000 units at $10.00 per unit on June 5, 2026. The offering included 2,625,000 units issued through the full exercise of underwriters' over-allotment option, generating gross proceeds of $201.25 million before deducting underwriting discounts and other expenses.

The blank check company's units began trading on the Nasdaq Global Market under ticker symbol "IPVVU" on June 4, 2026. Each unit contains one Class A ordinary share and one-third of a redeemable public warrant. Each whole warrant allows the holder to purchase one Class A ordinary share at $11.50 per share. The Class A shares and warrants will trade separately under symbols "IPVV" and "IPVVW" respectively once separate trading begins.

Cantor Fitzgerald & Co. served as sole book-running manager for the offering, with EarlyBirdCapital, Inc. acting as co-manager. The Securities and Exchange Commission declared the registration statement effective on June 3, 2026.

The company was formed to pursue a merger, acquisition, share exchange or similar business combination with one or more businesses. Ahmed M. Fattouh serves as Chairman and Chief Executive Officer, with Lex Sokolin as President and Brandon Bentley as General Counsel. Directors include Dimitri Goulandris and Nick Krenteras.

The management team plans to leverage experience across private equity, technology and digital assets to identify potential business combination targets that could benefit from public market access and the team's execution capabilities.

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