Tags: gary cohn | blank | check | firm | ipo

Gary Cohn's Blank-Check Firm Said to Raise $720 Million in IPO

Gary Cohn's Blank-Check Firm Said to Raise $720 Million in IPO
(AP)

Tuesday, 08 September 2020 05:42 PM EDT

Cohn Robbins Holdings Corp., a blank-check company backed by Gary Cohn, the former Goldman Sachs Group Inc. president and economic adviser to President Donald Trump, has upsized its U.S. initial public offering.

The special purpose acquisition company raised $720 million after earlier targeting $600 million, according to people with knowledge of the matter. The blank-check firm counts activist investor Cliff Robbins as chief executive officer.

Cohn Robbins will target an acquisition in the consumer, software and fintech sectors, while it can also pursue other areas, according to its prospectus.

A representative for Cohn Robbins declined to comment.

Cohn left his position as president and chief operating officer of Goldman Sachs to serve as Trump’s chief economic adviser from 2017 to 2018.

Blank-check companies have attracted high-profile financiers such as Bill Ackman as well as celebrity personalities.

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StreetTalk
Cohn Robbins Holdings Corp., a blank-check company backed by Gary Cohn, the former Goldman Sachs Group Inc. president and economic adviser to President Donald Trump, has upsized its U.S. initial public offering.
gary cohn, blank, check, firm, ipo
136
2020-42-08
Tuesday, 08 September 2020 05:42 PM
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