Blue Whale Acquisition Corp. I (BWCAU) Prices $200M IPO


Blue Whale Acquisition Corp. I (BWCAU) Prices $200M IPO

Blue Whale Acquisition Corp. I announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “BWCAU”, Wednesday, August 4.

The new company aims to combine with a high quality business in the media or entertainment industry that has a simple business model. Blue Whale Acquisition Corp. I is sponsored by Mubadala Capital, the asset management subsidiary of Mubadala Investment Company PJSC (“Mubadala”), a leading global sovereign investor headquartered in Abu Dhabi, with more than $243 billion of assets under management. The Company is led by Maxime Franzetti, Head of Public Equities and SPACs at Mubadala Capital, Adib Mattar, Head of Private Equity at Mubadala Capital and Russ Pillar, Founder and Executive Chairman of Reigning Champs, the world’s largest NCAA-compliant path-to-college company for student-athletes, and Senior Advisor to Mubadala Capital.

Total SPAC deal count for 2021 year-to-date is now 391. This offering is expected to close on Friday, August 6.

Goldman Sachs & Co. LLC and BofA Securities are acting as book-running managers in the offering. Skadden, Arps, Slate, Meagher & Flom LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.