Fifth Wall Acquisition Corp. I (FWAA) Prices Upsized $300M IPO

Fifth Wall Acquisition Corp. I announced the pricing of its upsized $300 million IPO this evening and its shares are expected to begin trading on the Nasdaq under the symbol “FWAA” Friday, February 5.

The new company aims to combine with a technology business focused on the verticals of the real estate industry and its adjacencies. Fifth Wall I is led by Chairman and CEO Brendan Wallace alongside Andriy Mykhaylovksyy.

Total SPAC deal count for 2021 year-to-date is now 116 with $34.4 billion in gross proceeds raised. This offering is expected to close on Tuesday, February 9.

Goldman Sachs & Co. LLC and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering. Goodwin Procter LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.