The IPO Buzz: Bank-Focused X3 Acquisition (XCBEU) Raised $200 Million in SPAC IPO
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X3 Acquisition Corp. Ltd. (XCBEU) raised $200 million in its SPAC IPO, debuting on NASDAQ at $9.98, slightly below its $10.00 IPO price. The company, focused on the financial sector, aims to acquire traditional financial institutions and related businesses. The IPO consisted of 20 million units, with Stifel as the sole book-runner. CEO Andrew Redleaf and CFO Kenneth Weiller are associated with X Cubed Capital Management. This marks the ninth SPAC priced in 2026.
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