Blue Whale Acquisition I Files for $200M IPO

Blue Whale Acquisition I registered with the SEc to offer 20 million units at $10 each. A unit consists of one Class A ordinary share and one-fourth of one redeemable warrant; whole warrants exercisable at $11.50.

The SPAC’s sponsor is an affiliate of Mubadala Capital, established in 2011 as the third-party asset management arm of Mubadala Investment Company, an Abu Dhabi government-owned sovereign investor, with more than $243 billion AUM.

Blue Whale plans to target companies engaged in streaming services and connected devices.

The SPAC is led by CEO Maxime Franzetti, who joined Mubadala in 2008 and was a founding member of Mubadala Capital in 2011 where he currently is in charge of Public Equities and SPACs. 

Goldman Sachs and BofA Securities are joint book-running managers of the offering. The underwriters have an option to purchase an additional 3 million units to cover any over-allotments.

Blue Whale intends to apply for a Nasdaq listing under BWCAU. Read more.

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