Gores Guggenheim, Inc. (GGPIU) Prices $750M IPO


Gores Guggenheim, Inc. (GGPIU) Prices $750M IPO

Gores Guggenheim, Inc. announced the pricing of its $750 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GGPIU”, Tuesday, March 23.

The new company aims to combine with a high-growth target that can benefit from the SPACs management experience and strategic approach. Gores Guggenheim is led by Chairman Alec Gores, CEO Mark Stone and President Andrew M. Rosenfield alongside CFO and Secretary Andrew McBride.

Total SPAC deal count for 2021 year-to-date is now 280. This offering is expected to close on Thursday, March 25.

Deutsche Bank Securities Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are serving as joint book-running managers for the 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.