Jaws Mustang Acquisition Corporation (JWSM.U) Prices Upsized $900M IPO


Jaws Mustang Acquisition Corporation (JWSM.U) Prices Upsized $900M IPO

Feb 2, 2021 IPOs by Kristi Marvin

Jaws Mustang Acquisition Corp. announced the pricing of its upsized $900 million IPO this morning and its shares are expected to begin trading on the NYSE under the symbol “JWSM.U” today, Tuesday, February 2.

Jaws Mustang intends to pursue an initial business combination with a company that has a clear path to organic and inorganic growth, formidable barriers to entry, exceptional management, and strong underlying demand drivers.. The company will be led by-Chairman Nominee Barry Sternlicht and Chief Executive Officer and Director Andrew Klaber.

Total SPAC deal count for 2021 year-to-date is now 96 with $27.94 billion in gross proceeds raised. This offering is expected to close on Thursday, February 4th.

Credit Suisse Securities (USA) LLC, BofA Securities, Inc. and Goldman Sachs & Co. LLC are acting as joint book-running managers of the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.