ForgeRock’s $316 Million Initial Public Offering

Wilson Sonsini Goodrich & Rosati advised ForgeRock on the deal.

ForgeRock, Inc., a global leader in digital identity, closed its initial public offering of 12,650,000 shares of its Class A common stock at a public offering price of $25.00 per share, which included the full exercise by the underwriters of their option to purchase an additional 1,650,000 shares. Aggregate gross proceeds to ForgeRock were approximately $316 million, before underwriting discounts, commissions, and estimated offering expenses. ForgeRock’s Class A common stock is listed on the New York Stock Exchange under the ticker symbol “FORG.”

Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC acted as lead book-running managers for the offering. Deutsche Bank Securities, Mizuho Securities, and HSBC acted as joint book-running managers for the offering. BTIG, Cowen, Piper Sandler, Truist Securities, and William Blair acted as co-managers for the offering.

The Wilson Sonsini team that represented ForgeRock in the transaction includes corporate partners Rezwan Pavri (Picture), Richard Blake, and Lang Liu; corporate associates Lester Ang, Annie Kim, Courtney Matteson, and Josh Sedgwick; and employee benefits and compensation partner Sriram Krishnamurthy and associate Matthew Norgard.

Involved fees earner: Lester Ang – Wilson Sonsini Goodrich & Rosati; Richard Blake – Wilson Sonsini Goodrich & Rosati; Annie Kim – Wilson Sonsini Goodrich & Rosati; Sriram Krishnamurthy – Wilson Sonsini Goodrich & Rosati; Lang Liu – Wilson Sonsini Goodrich & Rosati; Courtney Matteson – Wilson Sonsini Goodrich & Rosati; Matthew Norgard – Wilson Sonsini Goodrich & Rosati; Rezwan Pavri – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: ForgeRock Inc;

Author: Martina Bellini