Cooley acted as counsel to Appian Corporation, while Davis Polk advised Morgan Stanley & Co., as sole underwriter, in the offering.
Appian and certain existing stockholders executed the offering of 2,500,000 shares of Class A common stock of Appian Corporation, for total gross proceeds of approximately $141.2 million. Appian’s Class A common stock is listed on the Nasdaq Global Market under the symbol “APPN.”
Appian provides a low-code automation platform that accelerates the creation of high-impact business applications. Many of the world’s largest organizations use Appian applications to improve customer experience, achieve operational excellence, and simplify global risk management and compliance. Appian’s corporate headquarter is in McLean, Virginia.
The Davis Polk corporate team advising Morgan Stanley & Co. included partners Alan F. Denenberg (Picture) and Stephen Salmon and associates Kimberly Wang and Travis B. Mitchell. The tax team included counsel Ethan R. Goldman and associate Lex L. Varga. Partner Frank J. Azzopardi and associate S. Dream Montgomery provided intellectual property advice.
Involved fees earner: Frank Azzopardi – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Ethan Goldman – Davis Polk & Wardwell; Travis Mitchell – Davis Polk & Wardwell; S. Dream Montgomery – Davis Polk & Wardwell; Stephen Salmon – Davis Polk & Wardwell; Lex Varga – Davis Polk & Wardwell; Kimberly Wang – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;
Clients: Morgan Stanley;