Sternlicht’s SPAC targets $400m for IPO: Bloomberg

Jaws Acquisition Corp, a black check company founded by Barry Sternlicht, is seeking to raise about $400 million for an IPO, reported Bloomberg.

Jaws Acquisition Corp, a black check company founded by Barry Sternlicht, is seeking to raise about $400 million for an IPO, reported Bloomberg. The news outlet noted that Jaws “intends to target companies in growth-oriented industries and not compete with Sternlicht’s Starwood Capital Group.” Doug Ostrover, a founder of Blackstone Group Inc.’s credit arm, GSO Capital Partners, is listed as a director in the SEC filing of the IPO.

Source: Bloomberg