Outset Medical Inc.’s IPO

Sidley Austin LLP advised Outset Medical Inc. on the deal.

Outset Medical Inc., a private equity-backed medical technology company focused on an innovative dialysis solution, announced its public offering, which was upsized to nearly US$278 million (including green shoe). Outset Medical sold 8.95 million shares in the offering at US$27 per share, pricing well above its disclosed range of US$22 to US$24 per share, and more than doubling in price in subsequent trading on NASDAQ.

The Sidley team was led by Global Life Sciences partner Frank Rahmani (Picture) and Capital Markets partner Rob Ryan (New York), and associates Helen Theung, Nick DeAngelis, and BinQuan Zhuang (each Palo Alto). Other critical support was provided by Regulatory partners Torrey Cope (Washington, D.C.), Donielle McCutcheon (Chicago), Colleen Brown (Washington, D.C.), and associates Brigid DeCoursey Bondoc (Washington, D.C.), Kat Makielski (alumni), Corbin Santo (Chicago), and Megan Svedman (Washington, D.C.); Technology and IP Transactions partner Joshua T. Hofheimer (Los Angeles and Palo Alto); Executive Compensation and Benefits partner Corey Perry (Chicago) and associate Richard Schneider (Chicago); Securities Enforcement and Regulatory (Section 13/16) partner Katie Klaben (Washington, D.C.), associate Erica Robertson (Washington, D.C.), and staff attorney Alyssa Locnikar (Washington, D.C.); Tax partner Rachel Kleinberg (Palo Alto) and associate Kimberly Goldman (Los Angeles); Securities Enforcement and Regulatory counsel (SEC matters) Sara von Althann (Washington, D.C.); and Securities Enforcement and Regulatory counsel (FINRA matters) Benjamin Nager (New York).

Involved fees earner: Colleen Theresa Brown – Sidley Austin LLP; Torrey Cope – Sidley Austin LLP; Nick DeAngelis – Sidley Austin LLP; Brigid DeCoursey Bondoc – Sidley Austin LLP; Kimberly Goldman – Sidley Austin LLP; Joshua Hofheimer – Sidley Austin LLP; Katie Klaben – Sidley Austin LLP; Rachel Kleinberg – Sidley Austin LLP; Alyssa Locnikar – Sidley Austin LLP; Donielle McCutcheon – Sidley Austin LLP; Benjamin Nager – Sidley Austin LLP; Corey Perry – Sidley Austin LLP; Frank Rahmani – Sidley Austin LLP; Erica Robertson – Sidley Austin LLP; Robert Ryan – Sidley Austin LLP; Corbin Santo – Sidley Austin LLP; Richard Schneider III – Sidley Austin LLP; Megan Svedman – Sidley Austin LLP; Helen Theung – Sidley Austin LLP; Sara Von Althann – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Outset Medical Inc;

Author: Ambrogio Visconti