Wilson Sonsini Goodrich & Rosati advised Blend on the deal while Goodwin Procter represented the underwriters.
Blend Labs, Inc. announced the pricing of its initial public offering of its Class A common stock at a price of $18.00 per share. Blend is offering 20,000,000 shares of its Class A common stock. The underwriters of the offering will also have a 30-day option to purchase from Blend up to an additional 3,000,000 shares of its Class A common stock. The shares are expected to begin trading on the New York Stock Exchange on July 16, 2021 under the symbol “BLND” and the offering is expected to close on July 20, 2021, subject to customary closing conditions.
Goldman Sachs & Co. LLC, Allen & Company LLC and Wells Fargo Securities, LLC are acting as lead book-running managers for the proposed offering. KeyBanc Capital Markets, Truist Securities and UBS Investment Bank are acting as book-running managers for the proposed offering, and Piper Sandler, William Blair, Canaccord Genuity, Drexel Hamilton, Loop Capital Markets and Ramirez & Co., Inc. are acting as co-managers for the proposed offering.
The Wilson Sonsini team advising Blend included: Rezwan Pavri (Picture), Lisa Stimmell, Andrew Hill, Cathy Doxsee, Anna Mascoli, Alex Youssef, Jacie Valentine, Olivia Cusimano, Scott McCall and Jessica Bliss.
The Goodwin team was led by Brad Weber, Mitzi Chang, Julia White, Morgan Monroe, Oren Stevens, Patty Shields, Samira Seraji, and Jesse Kalashyan.
Involved fees earner: Mitzi Chang – Goodwin Procter; Jesse Kalashyan – Goodwin Procter; Morgan Monroe – Goodwin Procter; Patty Shields – Goodwin Procter; Oren Stevens – Goodwin Procter; Bradley Weber – Goodwin Procter; Julia White – Goodwin Procter; Jessica Bliss – Wilson Sonsini Goodrich & Rosati; Olivia Cusimano – Wilson Sonsini Goodrich & Rosati; Cathy Doxsee – Wilson Sonsini Goodrich & Rosati; Andrew Hill – Wilson Sonsini Goodrich & Rosati; Anna Mascoli – Wilson Sonsini Goodrich & Rosati; Scott McCall – Wilson Sonsini Goodrich & Rosati; Rezwan Pavri – Wilson Sonsini Goodrich & Rosati; Lisa Stimmell – Wilson Sonsini Goodrich & Rosati; Jacie Valentine – Wilson Sonsini Goodrich & Rosati; Alex Youssef – Wilson Sonsini Goodrich & Rosati;
Clients: Allen & Company LLC; Blend; Canaccord Genuity; Drexel Hamilton; Goldman Sachs & Co.; KeyBanc Capital Markets; Loop Capital Markets; Piper Sandler; Ramirez & Co.; Truist Securities Inc. ; UBS Investment Bank; Wells Fargo Securities; William Blair & Company, L.L.C.;