Smartsheet’s $645.3 Million Follow-On Offering

Fenwick & West represented Smartsheet Inc. in its underwritten public offering of 14,835,000 shares of its Class A common stock, including 1,935,000 shares sold upon the full exercise of the underwriters’ option to purchase additional shares, at a price to the public of $43.50 per share.?????

Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC acted as lead book-running managers for the offering. Jefferies LLC, William Blair & Company, L.L.C., SunTrust Robinson Humphrey, Inc. and Canaccord Genuity LLC acted as joint book-running managers. Needham & Company, LLC, Oppenheimer & Co. Inc., Stephens Inc. and D.A. Davidson & Co. acted as co-managers. ????

The Fenwick transaction team included corporate lawyers Alan Smith (Picture), James Evans, Kat Duncan, Can Sun, Annie Omata, Josh Fuller and summer associate Luke Finn.??

Involved fees earner: Katherine Duncan – Fenwick & West LLP; James Evans – Fenwick & West LLP; Luke Finn – Fenwick & West LLP; Josh Fuller – Fenwick & West LLP; Annie Omata – Fenwick & West LLP; Alan Smith – Fenwick & West LLP; Can Sun – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Smartsheet Inc.;

Author: Ambrogio Visconti