November 18, 2021
Sweetgreen, Inc. has announced the pricing of its initial public offering of Class A common stock at the price to the public of US$28 per share. Sweetgreen is offering 13,000,000 shares of its Class A common stock. The shares are expected to begin trading on the New York Stock Exchange on November 18, 2021 under the symbol "SG" and the offering is expected to close on November 22, 2021, subject to customary closing conditions.
Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by New York partner Michael Benjamin and Bay Area partner Rick Kline, with New York associates Taylor Stevens, Kathleen Mehary, Ian Lachow, and Shira Mendelsohn. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim, with Washington, D.C. associate Ben Cheatham; and on benefits & compensation matters by New York partner Bradd Williamson, with Chicago associate Jina Davidovich.