Gores Metropoulos, Inc. (GMHIU) Prices $375 Million SPAC


Gores Metropoulos, Inc. (GMHIU) Prices $375 Million SPAC

Jan 31, 2019 INTEL by Kristi Marvin

Gores Metropoulos, Inc. (GMHIU), announced the pricing of their $375 million SPAC IPO this afternoon and the units are expected to begin trading tomorrow, February 1st, under the symbol Nasdaq: GMHIU.

Gores Metropoulos, which intends to focus on companies in consumer products and services industries, is being led by Dean Metropouls, as Chairman, and Alec Gores, as CEO.

Total SPAC deal count for 2019 year-to-date is now three with $675 million in gross proceeds raised. The offering is expected to close on or about February 5, 2019.

Congratulations to all.

Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. LLC are serving as the representatives of the underwriters for the offering.