Cohn Robbins Holdings Corp. announced the pricing of its upsized $720 million IPO this evening and the units are expected to begin trading on the NYSE under the symbol “CRHC.U” tomorrow, Wednesday, September 9th.
The company has not limited its target search to a specific sector, but aims to combine with a company with a strong position in its respective industry that is considering a strategic change. It is led by co-Chairmen and Directors Clifton S. Robbins and Gary D. Cohn, along with CFO Charles S. Kwon.
Total SPAC deal count for 2020 year-to-date is now 88 with $35.2 billion in gross proceeds raised. This offering is expected to close on Friday, September 11, 2020.
Credit Suisse. is acting as sole bookrunning manager for the offering. Skadden, Arps, Slate, Meagher & Flom LLP serve as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC, serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.