Fifth Wall Acquisition III priced its IPO of 25 million Class A Ordinary Shares at $10 each.
Shares begin trading today on the Nasdaq under FWAC.
Deutsche Bank Securities, Goldman Sachs and BofA Securities are joint book-running managers for the offering. The SPAC has granted the underwriters a 45-day option to purchase up to an additional 3.75 million shares at the IPO price to cover any over-allotments.
The SPAC’s acquisition focus is on verticals within the real estate technology sector.
The offering is expected to close May 27. Read more.
