8/103 sources · 3 publishersUpdated Oct 8, 15:02 UTC
Ives Ultra AI Opportunities prices initial public offering at $10 per share
Ives Ultra AI Opportunities priced an initial public offering of 20,000,000 common shares at $10.00 per share. The closed-end fund, which aims to invest in private AI companies, was expected to start trading on the New York Stock Exchange on September 30, 2026. The offering was expected to close on October 1, 2026, subject to customary conditions.
Why it matters
The offering creates a publicly traded vehicle for investors seeking exposure to private AI companies. The company said it has up to 12 months to identify initial private AI investments and offer shareholders a tender opportunity under its policy.
Key facts
- 1Ives Ultra AI Opportunities set its initial public offering at 20,000,000 common shares priced at $10.00 per share. prnewswire.com
- 2The shares were expected to begin trading on the New York Stock Exchange on September 30, 2026. prnewswire.com
- 3The underwriter received an option to buy up to 3,000,000 additional common shares for potential overallotments. prnewswire.com
- 4The company said the offering was expected to close on October 1, 2026, subject to customary closing conditions. prnewswire.com
- 5The Securities and Exchange Commission declared the registration statement effective on September 29, 2026. prnewswire.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.