Global law firm White & Case LLP has advised ION Acquisition Corp 3 Ltd., a special purpose acquisition company, on its US$253.0 million initial public offering of 25.3 million Class A ordinary shares at a price of US$10.00 per share. This is the third SPAC sponsored by an affiliate of ION Asset Management Ltd. The Company intends to focus on the rapidly growing universe of Israeli companies and entrepreneurs that apply technology and innovation to our everyday lives.
The shares are listed on the New York Stock Exchange and trade under the ticker symbol IACC. Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC served as joint book-running managers for the offering. AmeriVet Securities, Inc. served as co-manager for the offering.
The White & Case Capital Markets team that led the transaction included partners Colin Diamond (New York) and Laura Katherine Mann (Houston), and associates J.P. Cumming, Joseph Chung and Alla Schwalbenberg (all New York).
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