This Newly Public $500 Million Company Is Set Up to Go Shopping for Travel Acquisitions
Skift Take
Greg O'Hara and Noam Gottesman will be shopping for a winner, but unlike early stage investors, they can hunt for a travel company with an extensive track record. In the midst of a global pandemic, this is not a done deal, but you can bet a deal will get done.
Certares founder and Liberty Tripadvisor Vice Chairman Greg O'Hara is one of two founders of Go Acquisition Corp., which executed a $500 million initial public offering with the intent of going shopping for mergers.
Companies such as Go Acquisition, which started trading Wednesday on the New York Stock Exchange under the symbol GOAC.U, go public without owning an operating company, and with the express purpose of buying one, acquiring assets, purchasing stock, or in some manner combining with an existing company.
The other founder of the so-called "blank check company" is Noam Gottesman, who co-founded GLG Partners and is the founder and managing partner of Tom's Cap
