Fifth Wall’s Journey from Launching in 2016 to This Week’s SPAC IPO | by Brendan Wallace
Medium – Fifth Wall Insights
Today, we closed the Initial Public Offering (IPO) of Fifth Wall Acquisition Corp. I, the first Special Purpose Acquisition Company (SPAC) sponsored by affiliates of Fifth Wall, for $345 million. The SPAC now trades on Nasdaq as “FWAA”. Given the extraordinarily high public market demand for the SPAC, we decided to increase the offering from the originally contemplated $287.5 million to $345 million. FWAA’s IPO was among a limited number of SPAC IPOs to not include warrant coverage alongside its…
