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Technology SPAC Iswill Acquisition files for a $230 million IPO


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Iswill Acquisition, a blank check company targeting the software and internet technology industries, filed on Thursday with the SEC to raise up to $230 million in an initial public offering.

The Burlingame, CA-based company plans to raise $230 million by offering 23 million units at a price of $10, where it would a market value of $294 million. The units consist of one share of common stock and one-half of one warrant to purchase a share of common stock at $11.50. 

Iswill Acquisition was founded in 2018 and plans to list on the Nasdaq under the symbol IWAC.U. Cantor Fitzgerald is the sole bookrunner on the deal.

The article Technology SPAC Iswill Acquisition files for a $230 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: News Headlines , IPOs




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