---
title: "The IPO Buzz: Bank-Focused X3 Acquisition (XCBEU) Raised $200 Million in SPAC IPO"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/273274470.md"
description: "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."
datetime: "2026-01-21T15:51:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273274470.md)
  - [en](https://longbridge.com/en/news/273274470.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273274470.md)
---

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# The IPO Buzz: Bank-Focused X3 Acquisition (XCBEU) Raised $200 Million in SPAC IPO

**X3 Acquisition Corp. Ltd. (XCBEU) dipped in its NASDAQ debut – opening at $9.98, down 2 cents from its $10.00 SPAC IPO price – when it started trading at 11:31 a.m. EST today – Wednesday, Jan. 21, 2026 –** after raising $200 million on Tuesday night (Jan. 20, 2026). Volume on that opening trade: 1.9 million. **Minneapolis-based** **X3 Acquisition Corp. Ltd. (XCBEU) is SPAC No. 9 to get priced during 2026 so far. Its IPO consisted of 20 million units – priced at $10.00 each – to produce $200 million, according to the prospectus.** **Each unit consists of one share of stock and one-half of one redeemable warrant.**

**Stifel was the sole book-runner.**

**X3 Acquisition Corp. Ltd. (XCBEU) intends to focus on the financial sector in its search for a suitable target for acquisition or an initial business combination, according to the prospectus. (Incorporated in the Cayman Islands)**

**Its shopping list for a suitable target company will include** t**raditional financial institutions, community and regional banks, asset and wealth management firms, specialty finance companies and other businesses that provide crucial financial products and services, the prospectus said.**

**CEO and Chairman Andrew Redleaf is the founder of X Cubed Capital Management, a hedge fund based in Minneapolis, the prospectus said.**

**CFO and COO Kenneth Weiller is also the COO of X Cubed Capital Management****.**

**(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)**

**Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.**

**To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.**

**Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.**

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