Davis Polk advised the representatives of the several underwriters in connection with a $587 million SEC-registered offering of 17,250,000 shares of common stock of Grocery Outlet Holding Corp. by certain existing stockholders of Grocery Outlet. The shares include 2,250,000 shares purchased by the underwriters pursuant to their option to purchase additional shares. 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 Kimberly Wang and Dana Lueck-Mammen. The tax team included partner Mario J. Verdolini and associate Adam R. Brownstone. Partner Pritesh P. Shah and associate Gianna C. Walton provided intellectual property advice. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the Northern California and New York offices. 

 

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