Appleby Advises Cartesian Growth Corporation IV in Its USD275M Initial Public Offering
Appleby is pleased to announce that it acted as Cayman Islands legal counsel to Cartesian Growth Corporation IV (Cartesian), in connection to its initial public offering of 27,500,000 units, at a price of $10.00 per unit, including 2,500,000 units pursuant to the partial exercise of the underwriters’ over-allotment option. The units commenced trading on June 25, 2026, on The Nasdaq Stock Market LLC (Nasdaq) under the symbol “CGCFU”. Cartesian’s sponsor is an affiliate of Cartesian Capital Group, LLC, a global private equity firm specializing in providing growth capital to transnational businesses.
Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant entitling the holder to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “CGCF” and “CGCFW”, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
The Appleby Capital Markets team was led by Cayman Islands Partner Alexandra Low, Hong Kong Senior Associate Alejandra Gonzalez Saucedo, Legal Manager Kelly Tang , Cayman Islands Paralegal Sophia Cunningham and Articled Clerk Emily McIntyre with other members of the corporate team.
Appleby continues to play a key role in major IPO and public-market matters worldwide.
