Libity (formerly Investcorp AI Acquisition Corp., formerly Investcorp India Acquisition Corp)

Libity (formerly Investcorp AI Acquisition Corp., formerly Investcorp India Acquisition Corp) (IVCA) is a blank-check company (SPAC) that raised $225M in its initial public offering on May 10, 2022, listing on Nasdaq Global Market. It agreed to combine with Blue Finance Technology Holding Limited, announced on Apr 13, 2026, at a stated value of $219.9M. The deal has not closed yet. Credit Suisse led the IPO. Winston & Strawn advised the SPAC and Davis Polk advised the underwriters on the IPO.

Blue Finance Technology Holding Limited, through its wholly owned subsidiary My Finance Club, builds and operates digital finance platforms for consumers and merchants. They offer personal finance tools, access to credit and installment financing, and embedded digital payments. The company is a private Irish company.

Status

Deal announced

Ticker

IVCA

IPO date

May 10, 2022

IPO size

$225M

IPO exchange

Nasdaq Global Market

Target

Blue Finance Technology Holding Limited

Target sector

Fintech

Announced

Apr 13, 2026

Stated deal value

$219.9M

Combined company

Beckwell One Limited (Irish New Pubco, to become a plc)

IPO underwriters

Credit Suisse

SPAC counsel (IPO)

Winston & Strawn and Ogier

Underwriters' counsel (IPO)

Davis Polk