Appian Corporation’s $129.7 Million SEC-Registered Offering

Davis Polk advised the sole bookrunner in connection with the SEC-registered offering of 2,329,000 shares of Class A common stock of Appian Corporation by Appian and certain existing stockholders, for total gross proceeds of approximately $129.7 million.

Appian’s Class A common stock is listed on the Nasdaq Global Market under the symbol “APPN.”

Appian provides a low-code software development platform that allows companies to rapidly build powerful business applications. The applications created on its platform help companies drive digital transformation and competitive differentiation. Appian’s corporate headquarter is in Tysons, Virginia.

Barclays Capital acted as sole bookrunner in the deal.

The Davis Polk corporate team included partners Alan F. Denenberg (Picture) and Stephen Salmon and associates Jeffrey C. Lau, Josephine Chen and Stephanie Y. Cheng. The tax team included partner Rachel D. Kleinberg. Partner Frank J. Azzopardi and associate S. Dream Montgomery provided intellectual property and technology advice. Counsel Marcie A. Goldstein provided FINRA advice.

Involved fees earner: Frank Azzopardi – Davis Polk & Wardwell; Josephine Chen – Davis Polk & Wardwell; Stephanie Cheng – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Rachel Kleinberg – Davis Polk & Wardwell; Jeffrey Lau – Davis Polk & Wardwell; S. Dream Montgomery – Davis Polk & Wardwell; Stephen Salmon – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Barclays Capital ;

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Author: Ambrogio Visconti