Ives Ultra AI Opportunities Prices $200 Million IPO

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Ives Ultra AI Opportunities said Wednesday it has priced its initial public offering of 20 million common shares at $10 per share.

The underwriter have been granted an option to purchase up to 3 million additional shares to cover any overallotment.

The company, which is a closed-end investment fund dedicated to providing public market investors with access to private AI companies, expects its shares to start trading on the New York Stock Exchange this Wednesday, under the ticker symbol, "IVAI."

The IPO is expected to close Thursday.

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