HubSpot’s $355 Million Common Stock Offering


Davis Polk advised the book-running manager and representative of the several underwriters in connection with the SEC-registered follow-on offering of 2,150,500 shares of common stock of HubSpot, Inc. for approximately $355 million, which includes the full exercise of the underwriters’ option to purchase additional shares from the company.

HubSpot is a cloud-based marketing, sales and customer service software platform listed on the New York Stock Exchange under the symbol “HUBS.”

Morgan Stanley & Co. LLC And Merrill Lynch, Pierce, Fenner & Smith acted as underwriters in the deal.

The Davis Polk corporate team included partner Richard D. Truesdell Jr. (Picture) and associates Rahim Manji and Amy Mao. The tax team included counsel Alon Gurfinkel and associate Veronica Davis. The intellectual property and technology team included partner Pritesh P. Shah and associate Jesse L. Hallock.

Involved fees earner: Veronica Davis – Davis Polk & Wardwell; Alon Gurfinkel – Davis Polk & Wardwell; Jesse Hallock – Davis Polk & Wardwell; Rahim Manji – Davis Polk & Wardwell; Amy Mao – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Richard Truesdell Jr. – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Merrill Lynch, Pierce, Fenner & Smith Incorporated; Morgan Stanley;

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Author: Ambrogio Visconti