IPO for SPAC TCW Special Purpose Acquisition Corp. (TSPQ) Opens at $10

March 2, 2021 11:48 AM EST

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Today's IPO for SPAC TCW Special Purpose Acquisition Corp. (NYSE: TSPQ) (NYSE: TSPQ-U) opened for trading at $10 after pricing 45,000,000 units at a price of $10.00 per unit.

The Company is sponsored by The TCW Group, Inc. (“TCW”), a leading global investment management firm headquartered in Los Angeles, California. The Company’s management is associated with TCW’s New America Premier business unit, which was established by Joseph R. Shaposhnik in August 2015. Mr. Shaposhnik serves as Chairman and CEO of TCW Special Purpose Acquisition Corp. The Company intends to identify, merge with and take public a durable and predictable business well positioned to deliver superior revenue growth.

Citigroup Global Markets Inc. and Barclays Capital Inc. are serving as the joint book-running managers for the offering.

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