Gores Holdings IV, Inc. (GHIVU) Prices $400M IPO


Gores Holdings IV, Inc. (GHIVU) Prices $400M IPO

Jan 23, 2020 INTEL by Kristi Marvin

Gores Holdings IV, Inc. (GHIVU), announced the pricing of their $400 million SPAC IPO this evening and the units are expected to begin trading, tomorrow, Friday, January 24th, under the symbol Nasdaq: GHIVU.

Gores IV, having followed Gores I, II, III and Gores Metropoulos, will once again be led by Alec Gores, as Chairman, and Mark Stone, as CEO.  Additionally, Gores Holdings IV has the distinction of being the first SPAC to IPO in 2020.

The offering is expected to close on Tuesday, January 28, 2019.

Congratulations to all.

Deutsche Bank Securities Inc. is the lead book-running manager and Morgan Stanley & Co. LLC is also serving as a book-running manager for the offering.  Weil, Gotshal & Manges LLP and Ropes  & Gray LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively.