Tech, Sustainability Blank-Check Cos. Net $825M In Debuts
Law360 (September 11, 2020, 4:26 PM EDT) — A blank-check company backed by private equity firm True Wind and a sustainability-focused blank-check vehicle began trading Friday after raising a combined $825 million in initial public offerings guided by Ellenoff Grossman, Vinson & Elkins and Maples and Calder.
TWC Tech Holdings II Corp.’s units started trading on the Nasdaq after a $525 million IPO, and Tortoise Acquisition Corp. II listed its shares on the New York Stock Exchange after pricing an upsized, $300 million debut. Both companies priced their units at $10 apiece, as is typical for blank-check companies.
TWC Tech’s units are listed under the symbol TWCTU and opened…