Gores Metropoulos II, Inc. announced the pricing of its $400 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “GMIIU” Wednesday, January 20.
The new company aims to combine with a consumer business that offers a unique value proposition with transformational potential. Gores Metropoulos II is led by Chairman Dean Metropoulos, CEO Alec Gores and CFO Andrew McBride.
Total SPAC deal count for 2021 year-to-date is now 54 with $15.1 billion in gross proceeds raised. This offering is expected to close on Friday, January 22.
Deutsche Bank Securities Inc. and Citigroup Global Markets Inc. are acting as the joint book-running managers for this offering. Weil, Gotshal & Manges LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. KPMG serves as auditor. Computershare Trust Company, N.A. is acting as trustee.
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