Tenable’s $294 Million Common Stock Offering


Willkie Farr & Gallagher represented Insight Partners in the offering.

Tenable (Nasdaq: TENB), the Cyber Exposure company, announced the pricing of an underwritten public offering of 9,200,000 shares of its common stock by certain existing stockholders of Tenable at a price to the public of $31.95 per share.

Insight Partners was the selling stockholders in the offering, which closed on August 4, 2020. J.P. Morgan, Morgan Stanley and Barclays acted as joint book-running managers for the offering.

Tenable is the Cyber Exposure company. Over 30,000 organizations around the globe rely on Tenable to understand and reduce cyber risk. As the creator of Nessus, Tenable extended its expertise in vulnerabilities to deliver the world’s first platform to see and secure any digital asset on any computing platform. Tenable customers include more than 50 percent of the Fortune 500, more than 30 percent of the Global 2000, and large government agencies.

Willkie Farr & Gallagher represented Insight Partners with a team led by partners Jeffrey Hochman (Picture) and Matthew Haddad and associate Matthew Gibson.

Involved fees earner: Matthew Gibson – Willkie Farr & Gallagher; Matthew Haddad – Willkie Farr & Gallagher; Jeffrey Hochman – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: Insight Partners;

Author: Ambrogio Visconti