Grocery Outlet Holding Corp.

Grocery Outlet Holding Corp. (GO) priced its initial public offering on Jun 20, 2019 at $22.00 per share, above its $18.00–$19.00 range, raising $378.1M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $1.89B. Morgan Stanley was lead-left underwriter, joined by Deutsche Bank, Jefferies and Barclays and others. Simpson Thacher advised the company and Davis Polk advised the underwriters.

Grocery Outlet Holding Corp. is a retailer of name-brand consumables and fresh products sold through independently operated stores in a small-box format. Using an opportunistic buying model, it offers products at prices generally 40% to 70% below conventional retailers.

Status

IPO

Ticker

GO

Exchange

Nasdaq Global Select

Priced

Jun 20, 2019

IPO price

$22.00

Price range

$18.00–$19.00

Raised

$378.1M

Market cap at IPO price

$1.89B

First filed

May 13, 2019

Underwriters

Morgan Stanley, Deutsche Bank, Jefferies, Barclays, Goldman Sachs, Guggenheim, UBS, TD Cowen, Telsey and Drexel Hamilton

Company counsel

Simpson Thacher

Underwriters' counsel

Davis Polk

Sector

Consumer

Country / state

CA

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