Digital Brands Group, Inc.

Digital Brands Group, Inc. (DBGI) priced its initial public offering on May 17, 2021 at $4.15 per share, and listed on Nasdaq. At the IPO price its market capitalization was about $43.5M. Kingswood was lead-left underwriter, joined by Benchmark. Manatt, Phelps & Phillips advised the company and Nelson Mullins advised the underwriters.

Digital Brands Group, Inc. sells apparel through several brands on a direct-to-consumer and wholesale basis. It started as a digitally native vertical brand, controls its own sourcing from third-party manufacturers, and has expanded into wholesale and some retail storefronts.

Status

IPO

Ticker

DBGI

Exchange

Nasdaq

Priced

May 17, 2021

IPO price

$4.15

Market cap at IPO price

$43.5M

First filed

Apr 13, 2021

Underwriters

Kingswood and Benchmark

Company counsel

Manatt, Phelps & Phillips

Underwriters' counsel

Nelson Mullins

Sector

Consumer

Country / state

TX

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.