Ropes & Gray represented Santander US Capital Markets as the underwriter in Gores Holding XI, Inc.’s $358.8 million IPO (NASDAQ:GHXIU), including the full exercise by the underwriter of its over-allotment option. The IPO closed on June 24 and is one of the largest SPAC IPOs of 2026 to date.
Gores Holdings XI is a blank check company sponsored by an affiliate of The Gores Group and formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Ropes & Gray last year advised on Gores Holding X’s $358.8 million IPO.
The team was led by capital markets partners Christopher Capuzzi and Paul Tropp and included tax partner Dan Zuckerman.
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