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Vertiv Holdings (GS Acquistion) Priced, NYSE: VRT

Blank check company formed by Goldman Sachs and the former CEO of Honeywell (completed 2/7/2020).

Industry: SPAC

First Day Return: +1.8%

Industry: SPAC

We are a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar transaction with one or more businesses. Our sponsor is jointly controlled by affiliates of each of David Cote and GSAM, Goldman Sachs' asset management division. Our CEO, David Cote, served as Executive Chairman and CEO of Honeywell International from 2002 to 2017. We believe Mr. Cote's industry experience and operating capabilities, paired with Goldman Sachs' unique sourcing infrastructure and experience investing in public and private markets, will make us a partner of choice for potential business combination targets. While we may pursue an acquisition in any sector, we intend to focus our efforts on businesses in the diversified industrial sector, where we believe our management team's and affiliates' expertise would provide us with a competitive advantage. Our strategy is to target a company in the diversified industrial sector, which includes, among others, Aerospace & Defense, Industrial Services, Chemicals, Home & Building Products, Building & Construction, Capital Goods, Packaging and Supply Chain, that stands to benefit from Mr. Cote's experience and operating capabilities. Each unit offered has a price of $10.00 and consists of one share of our Class A common stock and one-third of one warrant; full warrants are redeemable at $11.50 per share.
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IPO Data
IPO File Date 05/18/2018
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 60.0
Deal Size ($mm) $600
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/07/2018
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $600
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Columbus, OH, United States
Founded 2016
Employees at IPO 19,700
Website www.vertiv.com

Vertiv Holdings (GS Acquistion) (VRT) Performance