GS Acquisition Holdings, a blank check company formed by Goldman Sachs and the former CEO of Honeywell, raised $600 million by offering 60 million units at $10, as expected.
At pricing, GS Acquisition commands a market value of $750 million. Units consist of one share of common stock and one-third of one warrant redeemable at $11.50.
Chairman and CEO David Cote previously led Honeywell (NYSE: HON) from 2002 to 2017, and also served as a Director of the Federal Reserve Bank of New York from 2014 to 2018.
GS Acquisition Holdings plans to list on the NYSE under the symbol GSAH.U. Goldman Sachs acted as lead manager on the deal.
