Nachrichten October 22, 2021

Worldwide Webb Acquisition’s $230 Million IPO

Shearman & Sterling advised Worldwide Webb Acquisition, a special-purpose acquisition company, on its initial public offering of 23 million units at an offering price of $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant.

Worldwide Webb Acquisition is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company’s objective is to identify and accelerate a market-leading, differentiated internet company within its target sectors of interest, including direct-to-consumer brands, Amazon centric, online marketplaces, food tech, new media, digital health, software-as-a-service, fin tech, and any adjacent industries undergoing technology-driven transformations, that offer high-quality revenue streams and attractive organic and inorganic growth opportunities. The company is led by Executive Chairman Tony Pearce, Executive Vice Chairman Terry Pearce and Daniel Webb, Chief Executive Officer, Chief Financial Officer and a Director.

The Team