On the GO: Travel SPAC GO Acquisition prices $500 million IPO at $10
GO Acquisition, a blank check company formed by the founders of GLG Partners and Certares targeting the travel industry, raised $500 million by offering 50 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
The company is led by co-CEO Noam Gottesman, the founder and Managing Partner of single-family office TOMS Capital and co-founder of GLG, and co-CEO Gregory O'Hara, the founder of private equity firm and Tripadvisor's controlling shareholder Certares Management. The company plans to target travel-related and travel-adjacent businesses in North America and Europe.
Noam Gottesman previously founded two other London-listed SPACs: Nomad Holdings in 2014, which acquired Europe-based Iglo and Findus in 2015, changed its name to Nomad Foods, and relisted in the US (NYSE: NOMD; +135% from $10 offer price); and Landscape Acquisition Holdings in 2017, which acquired AP Wireless in 2020 and changed its name to Digital Landscape Group (LSE: DLGI; -23%).
GO Acquisition plans to list on the NYSE under the symbol GOAC.U. Credit Suisse, Citi and Morgan Stanley acted as lead managers on the deal.
The article On the GO: Travel SPAC GO Acquisition prices $500 million IPO at $10 originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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