GO Acquisition (GOAC.U) to Raise $500 Million in IPO

GO Acquisition (GOAC.U) expects to raise $500 million in an initial public offering on Wednesday, August 5th, IPO Scoop reports. The company will issue 50,000,000 shares at a price of $10.00 per share.

The company has a market-cap of $625 million.

Credit Suisse, Citigroup and Morgan Stanley acted as the underwriters for the IPO.

GO Acquisition provided the following description of their company for its IPO: ”  We intend to focus our efforts on identifying a prospective target business with either all or a substantial portion of its activities in North America or Europe. We expect to focus on travel-related and travel-adjacent businesses that have attractive growth-oriented characteristics and strong underlying demand drivers which include business services and travel infrastructure platforms such as visa processing, settlement systems and payment platforms.  “.

GO Acquisition was founded in 2020 and has 0 employees. The company is located at 450 W 14th Street, New York, NY 10014, US and can be reached via phone at (212) 524-7300.

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