Ives Ultra AI Opportunities Inc. Announces $200 Million IPO Pricing
Ives Ultra AI Opportunities Inc. (NYSE: IVAI) has priced its initial public offering of 20 million shares at $10 per share, raising a total of $200 million. The company is the first publicly listed closed-end investment fund focused on providing access to private artificial intelligence companies through public markets. The IPO will begin trading on the New York Stock Exchange (NYSE) under the ticker symbol IVAI on September 30, 2026. The offering includes an option for the underwriter to purchase up to 3 million additional shares to cover overallotments if needed. Cohen & Company Capital Markets served as the sole bookrunner. IVAI is managed by Ives Ultra Capital Management LLC and aims to invest in late-stage AI infrastructure and applied AI companies with strong growth potential. The fund has a 12-month window from its IPO date to propose initial private investments, after which it will allow shareholders to tender their shares under the Tender Offer Policy.
Tickers: $IVAI
Topics: AI companies investment fund IPO