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Symbotic (SVF Investment 3) Priced, Nasdaq: SYM

Fourth blank check company formed by SoftBank targeting technology-enabled sectors (completed 6/7/2022).

Industry: SPAC

First Day Return: +2.5%

Industry: SPAC

We are a newly formed blank check company. We believe that we are now in the early years of a new stage of the information revolution, which will in time be viewed as being as significant a step forward in human history as the Industrial Revolution. The twin impacts of artificial intelligence (“AI”) and the global transition to the interconnection of everyday computing devices through the internet (usually referred to as the “Internet of Things” or “IoT”) will, we believe, transform the world we live in and fundamentally disrupt corporate business models for decades to come. As growth-oriented investors, our sponsor and its affiliates believe that this technological context offers a unique set of long-term investment opportunities with tremendous growth potential for patient investors. Our sponsor is an affiliate of both SoftBank and SBIA. Led by its Chairman and CEO, Masayoshi Son, SoftBank has transitioned from primarily being a Japanese telecoms operator into a global asset manager focused on achieving sustainable growth through opportunistic investments in the world’s leading technology companies. SoftBank’s objective is to improve quality of life globally by accelerating the deployment of AI and breakthrough technologies.
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IPO Data
IPO File Date 02/05/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 28.0
Deal Size ($mm) $280
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/08/2021
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $280
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters San Carlos, CA, United States
Founded 2020
Employees at IPO 2
Website www.softbank.jp/en/

Symbotic (SVF Investment 3) (SYM) Performance