Fifth Wall Acquisition Corporation III (FWAC) Prices $250M IPO


Fifth Wall Acquisition Corporation III (FWAC) Prices $250M IPO

May 24, 2021 IPOs by Marlena Haddad

Fifth Wall Acquisition Corp. III announced the pricing of its $250 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “FWAC” Tuesday, May 25.

The new SPAC aims to focus on industries both inside and outside of the United States that complement the management team’s background, and to capitalize on their ability to identify and acquire a technology business focusing on verticals of the real estate industry. Fifth Wall is led by CEO and Chairman Brendan Wallace, and CFO Andriy Mykhaylovsky.

Total SPAC deal count for 2021 year-to-date is now 326. This offering is expected to close on Thursday, May 27.

Deutsche Bank Securities, Goldman Sachs & Co. LLC and BofA Securities are acting as joint book-running managers for the offering. Debevoise & Plimpton 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.