Innovid Eyes $1.3 Billion Valuation in Latest Ad Tech SPAC

Merger with ION Acquisition is 2nd IPO announcement this week


Ad tech is as hot as ever, as advertisers embrace connected TV technologies and venture capitalists eye a return on their early investments.

Today, Innovid is the latest company in the space to announce its intention to list on the public markets through a merger with special purpose acquisition company (SPAC) ION Acquisition Corp. 2.

The SPAC, which will be listed on the New York Stock Exchange, has $253 million in trust. With Innovid securing $150 million of financing from institutional investors, the company is valued at $1.3

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in