Travel SPAC GO Acquisition files for a $500 million IPO
07/01/2020|4:52:31 PM|Nasdaq

GO Acquisition, a blank check company formed by the co-founder of GLG and the founder of Certares targeting the travel industry, filed on Tuesday with the SEC to raise up to USD 500 million in an initial public offering.

The company plans to raise USD 500 million by offering 50 million units at USD 10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at USD 11.50. At the proposed deal size, GO Acquisition would command a market value of USD 625 million. 

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.

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