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Gores Metropoulos Completes $400 Million IPO
- Client News
- February 6, 2019
Paul, Weiss represented Dean Metropoulos, a veteran investor in the food and consumer space, in connection with the initial public offering of Gores Metropoulos, Inc. Gores Metropoulos—a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses—is sponsored by an affiliate of The Gores Group, LLC and by an affiliate of Dean Metropoulos. The offering, which involved 40,000,000 units, was priced at 10.00 per unit, resulting in gross proceeds of $400,000,000, before deducting underwriting discounts and commissions and other offering expenses payable by Gores Metropoulos.
The Paul, Weiss team includes corporate partners Ted Ackerman and Raphael Russo and counsel Philip Heimowitz; tax partner David Mayo; and antitrust counsel Marta Kelly.