$IVAI

Dan Ives launched a $200M publicly traded fund, Ives Ultra AI Opportunities Inc. (IVAI), to invest in private AI companies. The fund priced its IPO at $10 per share, selling 20M shares. It will focus on late-stage private AI firms, with some exposure to public ones. IVAI will trade on the NYSE under ticker IVAI, with shares expected to begin trading on Sept. 30. The fund aims to provide public investors access to private AI businesses, with an annual expense ratio of 3.10%.

Ives Ultra AI Opportunities Inc. (IVAI) priced its $200M IPO at $10 per share, offering 20M shares. The fund, focused on private AI companies, will trade on NYSE under 'IVAI' starting September 30, 2026. The underwriter has an option for 3M additional shares. The offering is expected to close October 1, 2026, subject to conditions.