Silvair’s $5.5 Million Initial Public Offering


Orrick has advised Bay Area-based smart lighting company Silvair on its initial public offering on the Warsaw Stock Exchange, raising PLN 20.1 million ($5.5 million) from institutional and private investors.

This is the first IPO by a U.S. issuer listing solely on the Warsaw Stock Exchange. As a result, our team worked through numerous novel issues and challenges.

The funds raised will be used to further develop Silvair’s interoperable wireless lighting control technology.

Silvair, Inc. provides lighting control solutions based on Bluetooth mesh networking technology. The company offers its lighting control solutions for component manufacturers, which are integrated in various products.

Orrick has been advising Silvair since its Series A financing.

The Orrick team was led by partner Dan Kim (Picture) and included Will Blackman and Ewa Mykytyn, with additional guidance from Andy Thorpe.

Involved fees earner: Andrew Thorpe – Orrick; Daniel Kim – Orrick; William Blackman – Orrick;

Law Firms: Orrick;

Clients: Silvair, Inc.;

Author: Ambrogio Visconti