Fifth Wall Acquisition I priced its upsized IPO of 30 milion shares of Class A Common Stock at a price of $10 each. The upsized offer represents a 20 percent increase from the SPAC’s initial registration for 25 million units.
Shares begin trading today on the Nasdaq under FWAA. The offering is expected to close Feb. 9.
The new SPAC plans to target businesses in the real estate sector.
The SPAC is led by CEO and Chairman Brendan Wallace, co-founder and managing partner of Fifth Wall Ventures. Read more.
