Goldman Sachs Group Inc.-backed blank check company GS Acquisition Holdings Corp closed an IPO of 69 million units, including 9 million units issued upon the exercise in full by the underwriters of their option to purchase additional units.

Each unit consists of one share of the company's class A common stock and one-third of one redeemable warrant. Each whole warrant may be exercised for one class A common share at a price of $11.50 per share. Only whole warrants are exercisable.

GS Acquisition is sponsored by GS DC Sponsor I LLC, an affiliate of Goldman Sachs Group and David Cote, and intends to focus on the industrial sector.

Goldman Sachs & Co. LLC served as the sole book-running manager for the offering, while Deutsche Bank Securities served as co-manager.