initial public offerings (IPOs) trading on American exchanges

Wednesday, September 15, 2021

GreenSky (GSKY) to be acquired by Goldman Sachs (GS) for $12.11/share

 "Buy now pay later" fintech 
  • As Goldman explained it, GreenSky has a network of more than 10,000 merchants and has provided financing solutions for about 4 million borrowers. Acquiring GreenSky will help Goldman expand its presence in a key element of its consumer business.

GreenSky confirms acquisition by Goldman Sachs (GS) for $12.11/share in stock
  • Goldman will acquire GreenSky in an all-stock transaction valued at approx. $2.24 billion.
  • GreenSky stockholders will receive 0.03 shares of common stock of Goldman Sachs for each share of GreenSky Class A common stock. This represents a per share price for GreenSky Class A common stock of $12.11.
  • The transaction is anticipated to close in Q4.

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