Skadden, Arps, Slate, Meagher & Flom LLP advised Goldman Sachs & Co. LLC and J.P. Morgan as lead book-running managers for the proposed offering.
Monday.com Ltd. (“monday.com”) plans to commence its roadshow for the initial public offering of 3,700,000 of its ordinary shares. The initial public offering price is expected to be between $125 and $140 per ordinary share. In addition, monday.com expects to grant the underwriters a 30-day option to purchase up to an additional 370,000 ordinary shares at the initial public offering price. monday.com has applied to list its ordinary shares on the Nasdaq Global Select Market under the ticker symbol “MNDY”.
Goldman Sachs & Co. LLC and J.P. Morgan will act as lead book-running managers for the proposed offering, with Allen & Company LLC and Jefferies acting as joint book-running managers. William Blair, Piper Sandler, Oppenheimer & Co., Canaccord Genuity, Cowen, Needham & Company, Academy Securities, Loop Capital Markets, Ramirez & Co., Inc., Siebert Williams Shank and Tigress Financial Partners will act as co-managers for the proposed offering.
In addition to the shares sold in the public offering, monday.com announced that each of Salesforce Ventures LLC and Zoom Video Communications, Inc. have agreed to purchase $75 million of ordinary shares at a price per ordinary share equal to the initial public offering price.
The monday.com Work OS is an open platform that democratizes the power of software so organizations can easily build software applications and work management tools to fit their every need. The platform intuitively connects people to processes and systems, empowering teams to excel in every aspect of their work.
The Skadden team included Capital Markets partners Yossi Vebman (Picture) and Ryan Dzierniejko, and associate Jennifer Friedman.
Law Firms: Skadden Arps Slate Meager & Flom;