Sweetgreen, Inc.

Sweetgreen, Inc. (SG) priced its initial public offering on Nov 19, 2021 at $28.00 per share, above its $23.00–$25.00 range, raising $364M, and listed on NYSE. At the IPO price its market capitalization was about $3B. Goldman Sachs was lead-left underwriter, joined by J.P. Morgan, Allen & Company and Morgan Stanley and others. Cooley advised the company and Latham & Watkins advised the underwriters.

Status

IPO

Ticker

SG

Exchange

NYSE

Priced

Nov 19, 2021

IPO price

$28.00

Price range

$23.00–$25.00

Raised

$364M

Market cap at IPO price

$3B

First filed

Oct 25, 2021

Underwriters

Goldman Sachs, J.P. Morgan, Allen & Company, Morgan Stanley, Citigroup, TD Cowen, Oppenheimer, RBC Capital Markets, William Blair and Blaylock Van

Company counsel

Cooley

Underwriters' counsel

Latham & Watkins

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.