We advised Bain Capital GSS Investment, a SPAC, on its IPO and NYSE listing

Davis Polk advised Bain Capital GSS Investment Corp. on its initial public offering of 46,000,000 units for aggregate proceeds of $460 million, which included proceeds from the exercise in full of the over-allotment option granted to the underwriter. Each unit had an initial offering price of $10 and consisted of one Class A ordinary share and one-fifth of one redeemable warrant. The units, the shares and the warrants are listed on the New York Stock Exchange.

Bain Capital GSS Investment Corp. is a newly organized blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a business combination with one or more businesses or entities. The SPAC intends to target companies with compelling, defensible business models that provide a growth platform with substantial expansion potential.

The Davis Polk capital markets team included partner Derek Dostal and associates Marquis J. Pullen and Adam Petno. The tax team included counsel Yixuan Long and associate Bryce Maxey. Counsel Matthew R. Silver and associate Felipe Munoz provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.

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