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Fifth Wall Acquisition Corp. III (FWAC) completed its IPO, raising $275 million by issuing 27.5 million Class A Ordinary Shares at $10 each, which began trading on Nasdaq on May 25, 2021. The underwriters partially exercised their over-allotment option for an additional 2.5 million shares, leaving 1.25 million shares available. The company plans to pursue business combinations in the technology sector related to the real estate industry, specifically focusing on 'proptech' not related to residential real estate. The registration statement became effective on May 24, 2021.
Fifth Wall Acquisition Corp. III (FWAC) has priced its initial public offering (IPO) of 25 million Class A Ordinary Shares at $10.00 each, aiming to raise a total of $250 million. The shares are set to list on Nasdaq under the ticker symbol 'FWAC' and are expected to begin trading on May 25, 2021, with the offering closing on May 27, 2021. Deutsche Bank Securities, Goldman Sachs & Co. LLC, and BofA Securities are acting as joint book-running managers. The company plans to focus on 'proptech' sectors, excluding residential real estate, leveraging its management team's expertise.