GS Acquisition Holdings Corp. II (GSAH.U), announced the pricing of their $700 million SPAC IPO this morning and the units are expected to begin trading today, Tuesday, June 30th, under the symbol NYSE: GSAH.U.
GS Acquisition Holdings II, is sponsored by GS Sponsor II LLC, an affiliate of The Goldman Sachs Group, Inc. GSAH II has a broad mandate to seek a target in any industry and will be led by Tom Knott, as Chief Executive Offer. Mr. Knott is a Managing Director at Goldman Sachs and is Head of GSAM’s Permanent Capital Strategies team. He is joined by Raanan A. Agus as Chairman. Mr. Agus is the Global Co-Head and Co-Chief Investment Officer of the AIMS group in GSAM.
Total SPAC deal count for 2020 year-to-date is now 36 with $11.7 billion in gross proceeds raised. The offering is anticipated to close on Wednesday, July 1, 2020.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are acting as joint book-running managers for the offering. Skadden, Arps, Slate, Meagher & Flom LLP and Ropes & Gray LLP, acted as Issuer’s Counsel and Underwriter’s Counsel, respectively. PricewaterhouseCoopers LLP acted as auditor.
Oyster Enterprises II (NASDAQ:OYSEU) has filed for a $200 million SPAC to pursue a broad investment thesis, but one informed by the way that AI is shaking up industries. The new SPAC has units each containing one right to a 1/10 share and it will have 24 months to initially complete a business combination without...
StoneBridge II (NASDAQ:APACU) has filed for a $50 million SPAC underwritten by Maxim Group to hunt down a non-US target with a particular eye on India. The new SPAC is coming to market with one right to a 1/10 share in each unit and its trust will not be overfunded. Maxim has now underwritten two...
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At the SPAC of Dawn Last week’s hot streak continues this week in the form of a high volume of votes for SPACs. Two are seeking approvals for their business combinations while six more aim to get the stamp on their extension votes. Investors will also have an eye on upcoming Fed comments on Wednesday...
Terms Tracker for the Week Ending May 2, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. April wrapped with some real momentum. Over the course of the month, 19 SPACs filed new S-1s, while 12 IPOs priced. Furthermore, nine deal announcements...