Latham & Watkins Represents Lulu’s Fashion Lounge Holdings, Inc. in IPO

Lulu’s Fashion Lounge Holdings, Inc., a customer driven, digitally native women’s fashion brand, has announced the pricing of its initial public offering of 5,750,000 shares of its common stock at a price to the public of US$16 per share, for gross proceeds of US$92 million, before deducting underwriting discounts and commissions and other offering expenses payable by Lulus. All of the shares are being offered and sold by Lulus. The shares are expected to begin trading on the Nasdaq Global Market on November 11, 2021 under the ticker symbol LVLU. The offering is expected to close on November 15, 2021, subject to the satisfaction of customary closing conditions. In addition, Lulus has granted the underwriters a 30-day option to purchase up to an additional 862,500 shares of common stock at the initial public offering price, less underwriting discounts and commissions.

Latham & Watkins LLP represents Lulu’s in the offering with a capital markets team led by New York partner Marc Jaffe, Bay Area partner Tad Freese, and New York partner Adam Gelardi, with New York/Houston associate John Slater and New York associates Patrick Maguire and Hera Liao. Advice was also provided on public company representation matters by New York counsel Emily Corbi, with New York associate Hamna Ahmad; on benefits & compensation matters by Bay Area partner Erin Murphy, with Bay Area associates James Robinson and Nathaniel Hsieh; on tax matters by Bay Area partner Grace Lee, with Boston associate Jeremiah Cowen; on finance matters by Chicago partner Cindy Caillavet; on regulatory compliance matters by Chicago partner Laura Ferrell, with Chicago associate Daniel Filstrup; and on anti-corruption matters by Washington, D.C. partner Joseph Bargnesi.