What Happened to Vertiv Holdings Co?
Ticker: VRTSPAC Year: 2018Merger: 2020
Return
+2460.0%
Current Price
$256
Peak Price
$276.78
Trust Size
$12.2B
Summary
Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks, and commercial/industrial environments. The company has become one of the biggest SPAC success stories, with shares surging on AI-driven data center demand.
What Happened
Vertiv went public in February 2020 through a merger with GS Acquisition Holdings Corp, a Goldman Sachs-backed SPAC, at a $5.3 billion enterprise value. Initially the stock traded sideways, but it became one of the rare SPAC mega-winners as surging demand for data center infrastructure — driven by AI and cloud computing — sent shares soaring. The stock has returned over 2,000% from its SPAC price, making it one of the most successful de-SPAC transactions ever.
Timeline
2018-05-22
S-1 Registration Filed
2020-01-17
Merger Proxy Filed (DEFM14A)