Grocery Outlet Holding $528 million secondary offering
Davis Polk advised the underwriters in connection with the $528 million SEC-registered offering of 16,000,000 shares of common stock of Grocery Outlet Holding Corp. by certain existing stockholders of Grocery Outlet. The common stock is listed on the Nasdaq Global Select Market under the symbol “GO.”
Grocery Outlet is a high-growth, extreme value retailer of quality, name-brand consumables and fresh products sold through a network of independently operated stores. Grocery Outlet is headquartered in Emeryville, California.
The Davis Polk corporate team included partner Emily Roberts and associates Bryan M. Quinn and Kimberly Wang. The tax team included partner Rachel D. Kleinberg and associate Adam R. Brownstone. Counsel Gregory D. Hughes provided executive compensation advice. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team were based in the Northern California and New York offices.