Ives Ultra AI Opportunities Inc. (NYSE: IVAI) Announces Pricing of $200 Million Initial Public Offering
Ives Ultra AI Opportunities Inc. priced a $200 million IPO of 20 million shares at $10.00 each, with shares expected to begin trading on the NYSE under the symbol IVAI on September 30, 2026. The fund is the first publicly listed closed-end fund dedicated to giving public market investors access to private AI companies, focused on late-stage AI infrastructure and applied AI businesses; it has up to 12 months to make initial investments and offer a tender opportunity. Dan Ives chairs the board of the adviser, Ives Ultra Capital Management, but is not the portfolio manager and does not sit on the Investment Committee; portfolio management is led by Ed Leathers, CFA.
Key figures
- Deal Value Usd
- 200000000
- Offering Price
- 10
- Shares Offered
- 20000000
- Overallotment shares
- 3000000
- Investment window months
- 12
AI analysis
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