Appleby Advises InterPrivate Investment Partners V, Inc. in Its USD201.25M Initial Public Offering
Appleby is pleased to announce that it acted as Cayman Islands legal counsel to InterPrivate Investment Partners V, Inc. (InterPrivate), in connection to its initial public offering of 20,125,000 units, including 2,625,000 units issued pursuant to the exercise of the underwriters’ over-allotment option in full, at a price of $10.00 per unit on June 5, 2026. Total gross proceeds from the offering were $201.25 million before deducting underwriting discounts and commissions and other offering expenses payable by InterPrivate.
The units began trading on The Nasdaq Global Market (Nasdaq) under the ticker symbol “IPVVU” on June 4, 2026. Each unit consists of one Class A ordinary share of InterPrivate and one-third of one redeemable public warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of InterPrivate 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 the Nasdaq under the symbols “IPVV” and “IPVVW,” respectively.
The Appleby Capital Markets team was led by Partner Alexandra Low, and Paralegal Sophia Cunningham with other members of the corporate team.
Appleby continues to play a key role in major IPO and public-market matters worldwide.
