C&W Acquisition, a blank check company formed by Cushman & Wakefield targeting real estate and proptech, withdrew its plans for an initial public offering on Friday. It had filed in March 2021 to raise $250 million by offering 25 million units at $10, with each unit containing one share of common stock and one-fourth of a warrant. The company had not updated its prospectus since December 2021.
The company was set to be led by CEO and Chairman Nathaniel Robinson, the CIO and EVP of Strategic Planning at Cushman & Wakefield.
The Chicago, IL-based company was founded in 2021 and had planned to list on the NYSE under the symbol CWAC.U. Citi and BofA Securities were set to be the joint bookrunners on the deal.
