Press Release

Sweetgreen – $418.6 Million IPO

December 6, 2021

Los Angeles – December 6, 2021 – Cooley advised restaurant chain sweetgreen on its $418.6 million initial public offering of 14,950,000 shares of Class A common stock, which now trade on the New York Stock Exchange under the symbol SG. Partners Nick Hobson, David Peinsipp, Siana Lowrey and Charlie Kim led the Cooley team advising sweetgreen.

Goldman Sachs and JP Morgan Securities acted as lead book-running managers for the offering.

Founded in 2007, sweetgreen is building a next-generation restaurant and lifestyle brand that serves healthy food at scale. From the seed to the store, the company is involved in every step of the supply chain, working with partners and farmers it knows and trusts. Sweetgreen’s mission is to build healthier communities by connecting people to real food.

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