Worldwide Webb Acquisition Corp. (WWACU) Prices $200M IPO


Worldwide Webb Acquisition Corp. (WWACU) Prices $200M IPO

Oct 20, 2021 IPOs by Marlena Haddad

Worldwide Webb Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “WWACU” Wednesday, October 20.

The new SPAC to identify and accelerate a market-leading, differentiated internet company within its target sectors of interest, including direct-to-consumer brands, Amazon centric, online marketplaces, food tech, new media, digital health, software-as-a-service, fin tech, and any adjacent industries undergoing technology-driven transformations, that offer high-quality revenue streams and attractive organic and inorganic growth opportunities. Worldwide Webb Acquisition Corp. is led by Executive Chairman Tony M. Pearce, Executive Vice-Chairman Terry V. Pearce, and CEO and CFO Daniel S. Webb.

Total SPAC deal count for 2021 year-to-date is now 479. This offering is expected to close on Friday, October 22.

BofA Securities and J.P. Morgan are acting as the book-running managers. Shearman & Sterling LLP is serving as Issuer’s Counsel with Sidley Austin LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.