U.S.-based blank check company Gores Metropoulos Inc., part of private equity firm The Gores Group, will bag $375 million in an initial public offering.

Gores Metropoulos is seeking to sell 37.5 million shares at a price of $10 per share, which will trade beginning February 1.

German lender Deutsche Bank and Credit Suisse are the joint book-runners on the offering.

In 2013, Metropoulos paid $410 million to buy U.S.-based baker Hostess.