Rapid7, Inc.’s $90 Shares Offering


Orrick represented Barclays as underwriter in the public offering by selling stockholders of 3,000,000 shares of Rapid7, Inc. (“Rapid7”) common stock. The underwriter purchased the shares in a bought deal, with aggregate gross proceeds to the selling stockholders in the offering of approximately $90 million.

The selling stockholders included funds affiliated with Technology Crossover Ventures and Bain Capital Ventures that have been stockholders of the company since 2011 and 2008, respectively.

Rapid7 (Nasdaq: RPD) is a leading provider of security and IT analytics and automation solutions for security operations. The company, led by Corey Thomas, Jeffrey Kalowski and Andrew F Burton, in 2017 recorded $200 Million Revenues.

The Orrick team that advised the underwriter in the secondary offering was led by capital markets partner Christopher Austin (Picture) and included associates Kenneth Marx, Conner Pine and Will Peifer

Involved fees earner: Christopher Austin – Orrick; Kenneth Marx – Orrick; Conner Pine – Orrick; Will Peifer – Orrick;

Law Firms: Orrick;

Clients: Barclays Bank;