Latham & Watkins Advises Solo Brands, Inc. on IPO

Solo Brands, Inc., owner of the popular Solo Stove, Chubbies, Oru Kayak, and Isle paddleboard brands, has announced the pricing of its initial public offering of 12,903,225 shares of its Class A common stock at a price to the public of US$17.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,935,483 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on October 28, 2021 on the New York Stock Exchange under the ticker symbol DTC. The closing of the offering is expected to occur on November 1, 2021, subject to customary closing conditions.

Latham & Watkins LLP represented Solo Brands, Inc. in the offering with a corporate team led by New York partners Ian Schuman and Adam Gelardi and Boston partner John Chory, with New York associates Taylor Stevens, Patrick Maguire, Jie Lin Nai, and Jaye Han. Advice was also provided on M&A matters by Boston partner Spencer Ricks, with Boston associate John Miller, Washington, D.C. associate Jasmine Joseph, and Boston associate Andrew Rondeau; on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson, with New York associate Michael Syku; on benefits & compensation matters by New York partner Bradd Williamson, with Chicago associates Leah Segall and Samantha Voutyras; and on public company representation matters by New York counsel Andra Troy.