TCW Special Purpose Acquisition Corp. (TSPQ.U) Prices Upsized $450M IPO
TCW Special Purpose Acquisition Corp. announced the pricing of its upsized $450 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “TSPQ.U,” Tuesday, March 2.
The new company aims to combine with a cash generative target in the in the technology, healthcare, industrial or consumer sectors. TCW is led by Chairman and CEO Joseph R. Shaposhnik, CFO and Secretary Richard Villa, and EVP Leo L. Chan.
Total SPAC deal count for 2021 year-to-date is now 199. This offering is expected to close on Thursday, March 4.
Citigroup Global Markets Inc. and Barclays Capital Inc. are serving as the joint book-running managers for the offering. Skadden, Arps, Slate, Meagher & Flom LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.