TWC Tech Holdings II Corp. (TWCTU) Prices $525M IPO
by Nicholas Alan Clayton on 2020-09-10 at 9:02pm

TWC Tech Holdings II Corp. announced the pricing of its $525 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “TWCTU” tomorrow, Friday, September 11th.

The company aims to combine with a high-growth technology company valued at between $1 billion and $10 billion. It will be led by CEO, President and Director Adam H. Clammer, Chairman James H. Greene, Jr. and CFO Rufina A. Adams.

Total SPAC deal count for 2020 year-to-date is now 93 with $36.994 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, September 15, 2020.


Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are acting as book-running managers; Academy Securities, Inc., Blaylock Van, LLC, Loop Capital Markets LLC, Roberts and Ryan Investments Inc., and Tigress Financial Partners LLC are acting as co-managers. Ellenoff, Grossman & Schole LLP and Davis Polk & Wardwell LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC, acted as auditor. American Stock Transfer & Trust Company is acting as trustee.

 

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