InterPrivate IV InfraTech Partners announced the pricing of its $250 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IPVIU,” Friday, March 5.

The new company aims to combine with a TMT infrastructure target valued over $1 billion that could serve as a platform for inorganic growth. InterPrivate IV is led by CEO Kevin Timmons, Chairman Ahmed Fattouh, President David Withers, General Counsel Brandon Bentley, and VP Nina Fairbairn.

Total SPAC deal count for 2021 year-to-date is now 224. This offering is expected to close on Tuesday, March 9.

Morgan Stanley and Wells Fargo Securities are acting as joint book-running managers, and EarlyBirdCapital, Inc. is acting as co-manager of the offering. White & Case LLP is serving as Issuer’s Counsel with Latham & Watkins LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.