SoftBank Affiliated Blank-Check Company SVF Investment Corp. 3 Announces IPO Looking at AI and IoT

SVF Investment Corp. 3 has filed paperwork with the SEC registering 40 million units of securities to trade on the NASDAQ. Each unit consists of 1 Class A ordinary share and 1/5 of 1 warrant. Moreover, the proposed maximum offering price is $10 per unit.

This puts the total of the deal at $400 million. However, this amount includes 5 million units issuable to the underwriters of this deal in order to cover over-allotments, if any. The units will trade under the ticker symbol SVFCU. Furthermore, when units begin trading as separate securities, class A ordinary shares will trade under the ticker symbol SVFC. Warrants will trade under the ticker symbol SVFCW.

Citigroup Global Markets Inc., UBS Securities LLC , Deutsche Bank Securities Inc., Cantor Fitzgerald & Co and Mizuho Secur...

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