Latham & Watkins Advises Underwriters in The Duckhorn Portfolio, Inc.’s IPO

The Duckhorn Portfolio, Inc. (Duckhorn), a premier producer of luxury wines in North America, has announced the pricing of its initial public offering of 20 million shares of its common stock to the public, with 13,333,333 shares being offered by Duckhorn and 6,666,667 shares being offered by its existing stockholder at a public offering price of US$15 per share. The shares began trading on the New York Stock Exchange on March 18, 2021 under the ticker symbol “NAPA.” The offering is expected to close on March 22, 2021, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by New York Partners Marc Jaffe and Ian Schuman, with New York/Houston associate John Slater and New York associates Andrew Weitzel and Matthew Schlanger. Advice was also provided on benefits and compensation matters by New York partner Jennifer Pepin, with New York associate Shira Mendelsohn; on tax matters by New York partner Gregory Hannibal, with New York associate Ron Moore; on data privacy and intellectual property matters by New York partner Jeffrey Tochner, with Boston associate Deborah Hinck and New York associate Max Miroff; and on environmental matters by New York partner Gary Gengel, with New York associate Ben Einhouse.