Zscaler’s $192 Million Initial Public Offering


Wilson Sonsini Goodrich & Rosati is representing Zscaler in the offering.

Zscaler, Inc. (Nasdaq:ZS) priced its initial public offering of 12,000,000 shares of its common stock at a public offering price of $16.00 per share for total gross proceeds of approximately $192.0 million. The shares are expected to begin trading on the Nasdaq Global Select Market on March 16, 2018, under the symbol “ZS.” The offering is expected to close on March 20, 2018, subject to customary closing conditions.

Lead book running managers for the offering include Morgan Stanley & Co. and Goldman Sachs & Co. Additional book running mangers are BofA Merrill Lynch, Barclays Capital, Deutsche Bank Securities, Credit Suisse Securities (USA), and UBS Securities. Co-managers include Robert W. Baird & Co., BTIG, Needham & Company, and Stephens Inc.

Zscaler has granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of common stock to cover over-allotments, if any, at the public offering price, less underwriting discounts and commissions. The offering is expected to close on March 20, 2018, subject to customary closing conditions

Zscaler, Inc. operates as a security as a services company. The company, led by Jagtar S Chaudhry, Remo E Canessa and William Welch, in 2017 recorded $125 Million Revenues.

The WSGR team representing Zscaler includes corporate partners Raj Judge (Picture) and Mark Baudler, and associates Lianna Whittleton, Shauna Bracher, and Natasha Chu.

Involved fees earner: Raj Judge – Wilson Sonsini Goodrich & Rosati; Mark Baudler – Wilson Sonsini Goodrich & Rosati; Lianna Whittleton – Wilson Sonsini Goodrich & Rosati; Shauna Bracher – Wilson Sonsini Goodrich & Rosati; Natasha Chu – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: Zscaler Inc.;

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Author: Ambrogio Visconti