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Innovid (ION Acquisition 2) Priced, NYSE: CTV

Second blank check company formed by ION Asset Management targeting an Israeli tech business (completed 12/2/2021).

Industry: SPAC

First Day Return: +12.3%

We are a newly incorporated blank check company. While we may pursue an initial business combination opportunity in any industry or sector, we intend to focus on the rapidly growing universe of Israeli companies and entrepreneurs that apply technology and innovation to everyday lives. We will utilize the expertise and capabilities of our sponsor and its affiliates, our management team and our board of directors to support companies that can benefit from access to the U.S. public markets. Further, we intend to identify businesses with underexploited expansion opportunities in order to unlock long-term shareholder value in the future. Our sponsor is an affiliate of ION Asset Management, an Israel-based investment management group established in 2006. ION Asset Management’s investment teams have significant expertise, knowledge and experience managing equity funds focused on global and Israeli-related technology companies. We believe the technology industry, particularly in Israel, represents a large and growing target market with a variety of potential target acquisition opportunities. Our business and value creation strategy will be to identify, acquire and help build a company with ties to the technology and innovation ecosystem in Israel.
IPO Data
IPO Date 02/10/2021
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $220
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Herzliya, Israel
Founded 2020
Employees at IPO 3
Website www.ion-am.com

Innovid (ION Acquisition 2) (CTV) Performance

Created with Highcharts 10.3.2Chart context menuCTV vs. IPO Index (IPOUSA)Apr '21Jul '21Oct '21Jan '22Apr '22Jul '22Oct '22Jan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25Apr '250%-75%-50%-25%+ 25%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index