Cohn Robbins Holdings Corp, a blank check company co-founded by former presidential economic advisor Gary Cohn and investor Clifton S. Robbins, filed for an initial public offering with the United States Securities and Exchange Commission Tuesday.
What Happened: The company will offer 60 million shares valued at $10 each and proposes to list on the New York Stock Exchange under the symbol “CRHC.U,” according to its S-1 filing.
Credit Suisse Group AG (NYSE:CS) is serving as the sole book-running manager for the offering.
Formerly known as CSR Acquisition Corp, the special purpose acquisition company had filed previously to raise $300 million, Reuters reported.
Cohn served in President Donald Trump's administration and is most remembered to be associated with the White House's 2017 tax reorganization. He also formerly served as a president and chief operating officer at Goldman Sachs Group Inc (NYSE:GS).
Why It Matters: According to data compiled by SPACInsider, 79 blank check companies have raised $32 billion in the year so far.
Several high-profile public debuts have taken place through this route this year, including Nikola Corporation (NASDAQ:NKLA), which merged with VectoIQ Acquisition.
Photo courtesy: The White House via Wikimedia