Silicon Valley Acquisition Corp. has successfully closed a $200 million IPO on the NASDAQ stock exchange. The blank check company will focus on acquiring a technology business in Silicon Valley. This IPO is part of a trend of increasing SPAC activity in the tech sector, with 25 SPACs raising $7.2 billion in the first quarter of 2021.

Read more at Investing.com: Silicon Valley Acquisition Corp. closes $200 million IPO on nasdaq