RealPage, Inc.’s $459 Million Common Stock Offering


Davis Polk advised the representatives of the several underwriters in connection with an SEC-registered offering by RealPage, Inc. of 8,050,000 shares of its common stock for approximately $459 million before underwriting discounts and estimated expenses of the offering.

Included in the shares are 1,050,000 shares sold by RealPage, Inc. pursuant to the full exercise of the underwriters’ over-allotment option.

MORGAN STANLEY, J.P. MORGAN, WELLS FARGO SECURITIES, RBC CAPITAL MARKETS, JMP SECURITIES, KEYBANC CAPITAL MARKETS and FIFTH THIRD SECURITIES acted as underwriters on the offering

RealPage, Inc. is a leading global provider of software and data analytics to the real estate industry, helping owners, managers and investors to improve operating performance and increase capital returns. The common stock is listed on the NASDAQ Global Select Market under the symbol “RP.”

The Davis Polk corporate team included partner Joseph A. Hall (picture) and associates Brian Fox and Stephen Byeff. The tax team included partner Po Sit and associate James Manzione. Partner Pritesh P. Shah and associate Jesse L. Hallock provided intellectual property and technology advice.

Involved fees earner: Joseph Hall – Davis Polk & Wardwell; Brian Fox – Davis Polk & Wardwell; Stephen Byeff – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell; James Manzione – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Jesse Hallock – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: JP Morgan; Morgan Stanley; RBC Capital Markets; Fifth Third Securities, Inc.; Keybank National Association; JMP Securities LLC; KeyBanc Capital Markets; Wells Fargo Securities;

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Author: Ambrogio Visconti