05:18 PM EDT, 10/09/2024 (MT Newswires) -- Launch Two Acquisition ( LPBBU ) said late Wednesday it closed its initial public offering of 23 million units at $10 apiece for $230 million in gross proceeds.

The blank-check company said the IPO included 3 million units issued pursuant to the full exercise by its underwriters of their overallotment option. Each unit comprises one class A ordinary share and one-half of one redeemable warrant, with each warrant exercisable at $11.50 per share.

Launch Two's units started trading on the Nasdaq Global Market under the ticker symbol LPBBU Tuesday.