Sumo Logic’s $325.6 Million Initial Public Offering

Davis Polk advised the representatives of the several underwriters in the offering.

Sumo Logic, Inc. executed its $325.6 million initial public offering of 14,800,000 shares of common stock. The common stock is listed on the Nasdaq Global Select Market under the symbol “SUMO.”

Morgan Stanley and J.P. Morgan acted as lead book-running managers for the offering. RBC Capital Markets and Jefferies acted as book-running managers for the offering, and William Blair, Cowen, Piper Sandler and BTIG acted as co-managers for the offering.

Sumo Logic is the pioneer in continuous intelligence, a new category of software, which enables organizations of all sizes to address the data challenges and opportunities presented by digital transformation, modern applications and cloud computing. The Sumo Logic Continuous Intelligence Platform automates the collection, ingestion and analysis of application, infrastructure, security and IoT data to derive actionable insights within seconds.

The Davis Polk corporate team included partners Alan F. Denenberg (Picture) and Stephen Salmon and associates Dongbiao Shen and Sarah Kirk. The intellectual property and technology transactions team included partner Frank J. Azzopardi and counsel Daniel F. Forester. The tax team included partner Po Sit and associate Tomislava Dragicevic. Counsel Marcie A. Goldstein provided FINRA advice. Associate Sijia Cai provided 1940 Act advice.

Involved fees earner: Frank Azzopardi – Davis Polk & Wardwell; Sijia Cai – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Tomislava Dragicevic – Davis Polk & Wardwell; Daniel Forester – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Sarah Kirk – Davis Polk & Wardwell; Stephen Salmon – Davis Polk & Wardwell; Dongbiao Shen – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: BTIG, LLC; Cowen and Company; J.P. Morgan Securities LLC; Jefferies; Morgan Stanley; Piper Sandler; RBC Capital Markets; William Blair & Company, L.L.C.;

Author: Ambrogio Visconti