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JWC Acquisition (JWC) |
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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals • LogMeIn • Invesco Mortgage Capital • Medidata • Chemspec |
JWCAcquisition (NYSE:JWC) is a blank check company was created with the intent to find a potential merger, asset acquisition, or reorganization. A blank check company is a company which was created without a specific business plan or whose business plan is to merge or acquire an unidentified company.[1]
JWC has not yet identified or announced any business targets, but expects to look for a company which has 5 general characteristics in a company: a middle market business between $300M and $1B, a strong industry position, revenue and net income potential, strong cash flow, and an experienced management team.[2]
The company's initial public offering of stock on the NYSE and occurred on November 17, 2010. The company offered 12.5M shares each for $10. The goal of the IPO was to raise $125M in total. The lead underwriter of the deal was Citigroup (C)[3]
References
- ↑ U.S. Securities and Exchange Commission "Blank Check Company"
- ↑ JWC S-1/A 2010 Prospectus Summary "General" pg 2
- ↑ http://www.renaissancecapital.com/JWC-Acquisition/ipo-JWC-U.html Renaissance Capital - IPO Home "JWC Acquisition (JWC-U)"]
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