Goldman SPAC GS Acquisition Holdings II prices $700 million IPO at $10

GS Acquisition Holdings II, the second blank check company formed by Goldman Sachs, raised $700 million by offering 70 million units at $10, as expected.

Each unit consists of one share of common stock and one-quarter of one redeemable warrant; whole warrants have a strike price of $11.50. The company originally filed to offer units with one-third warrants before changing terms last week.

GS Acquisition Holdings II plans to list on the NYSE under the symbol GSAH.U. Goldman Sachs and Citi acted as lead managers on the deal.