Bilander Acquisition Corp. (TWCBU) Prices $150M IPO


Bilander Acquisition Corp. (TWCBU) Prices $150M IPO

Jul 15, 2021 IPOs by Marlena Haddad

Bilander Acquisition Corp.  announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TWCBU” Friday, July 16.

The new SPAC aims to combine with a high-growth technology target that has a strong management team and an overall transaction value between $750 million and $2.5 billion. Bilander is led by Chairman James H. Greene, Jr., CEO Scott W. Wagner, and CFO Rufina A. Adams.

Total SPAC deal count for 2021 year-to-date is now 372. This offering is expected to close on Tuesday, July 20.

Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc., and Evercore Group L.L.C. are acting as book-running managers. Davis Polk & Wardwell LLP is serving as Issuer’s Counsel with Sidley Austin LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. American Stock Transfer & Trust Company is acting as trustee.