The IPO Buzz: Viking Acquisition I Raises $200 Million in NYSE-Listed SPAC  

Viking Acquisition Corp. I (VACI.U), a New York-based SPAC, raised $200 million on Thursday night, Oct. 30, 2025, with the pricing of its IPO: 20 million units at $10.00 each. Viking Acquisition Corp. I (VACI.U) is expected to start trading today – Friday, Oct. 31, 2025 – on the New York Stock Exchange.

Each unit consists of one Class A ordinary share and one-third of one warrant.

Cohen & Company Capital Markets acted as the sole book-runner.

This is the fourth SPAC IPO priced this week by Cohen & Company Capital Markets – with the firm acting as the sole book-runner in each deal. These four deals raised a total of $825 million. Three of these four deals were NASDAQ listings.

Viking Acquisition Corp. I (VACI.U) has not selected a target sector or region, according to the prospectus. The SPAC is incorporated in the Cayman Islands.

N. Håkan Wohlin, the CEO of Viking Acquisition Corp. I,  and Louis Jaffe, the chairman, are also the co-founders of KingsRock, a global independent financial services advisory firm, where both are managing directors. Both previously worked in senior roles at Deutsche Bank. Jaffe previously was the co-founder and president of Montrock48 Capital, an alternative asset manager.

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