Gores Holdings VII, Inc. (GSEVU) Prices Upsized $480M IPO


Gores Holdings VII, Inc. (GSEVU) Prices Upsized $480M IPO

Feb 23, 2021 IPOs by Kristi Marvin

Gores Holdings VII, Inc. announced the pricing of its upsized $480 million IPO this morning and its units are expected to begin trading on the Nasdaq under the symbol “GSEVU,” Tuesday, February 23.

Gores Holdings VII intends to focus on a diverse number of sectors that capitalize on this teams’ strengths and expertise. The company is led by Chairman Alec Gores and Chief Executive Officer Mark Stone.

Total SPAC deal count for 2021 year-to-date is now 166. This offering is expected to close on Thursday, February 25.

Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC are acting as joint book-running managers of the offering. Weil, Gotshal & Manges LLP is serving as Issuer’s Counsel with Ropes  & Gray LLP serving as Underwriter’s Counsel. KPMG LLP serves as auditor. Computershare Trust Company, N.A. is acting as trustee.