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TCW Special Purpose Acquisition Priced, NYSE: TSPQ.U

Blank check company formed by TCW Group targeting the tech, healthcare, industrial, or consumer sectors (liquidated).

Industry: SPAC

Latest Trade: $10.04 0.00 (0.0%)

First Day Return: 0.0%

Return from IPO: +0.4%

Industry: SPAC

We are a newly incorporated blank check company. Our sponsor is an affiliate of The TCW Group, Inc. (“TCW”). TCW is a leading global investment management firm headquartered in Los Angeles, California with over 600 employees throughout offices in 10 cities worldwide. We believe TCW Special Purpose Acquisition Corp. can serve as a natural extension of the longstanding investment strategy of TCW’s New America Premier business unit that was established by Joseph Shaposhnik in 2015. In 2015, New America launched the TCW New America Premier Equities strategy. The investment strategy seeks to compound capital at above market average returns while incurring below market average risk. To accomplish this objective, the New America investment team focuses on selecting businesses with the following characteristics: predictable, recurring revenue growth business models that generate consistent free cash flow; product or service that is a small part of customers’ overall costs but critical to business operations; excess free cash flow is reinvested in high return projects or value enhancing acquisitions; management has a strong record of building the business and allocating capital; and business is offered at a reasonable multiple of cash flow relative to expected growth of cash flow per share.
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IPO Data
IPO File Date 02/05/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 45.0
Deal Size ($mm) $450
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/01/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 45.0
Deal Size ($mm) $450
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Citi
Barclays
Company Data
Headquarters Los Angeles, CA, United States
Founded 2020
Employees 3
Website www.tcwspac.com

TCW Special Purpose Acquisition (TSPQ.U) Performance