Zuora’s Initial Public Offering

Wilson Sonsini Goodrich & Rosati is representing the underwriters in the offering

Zuora, Inc. (NYSE:ZUO) finalized the pricing of its initial public offering of 11,000,000 shares of its Class A common stock at a price to the public of $14.00 per share. The shares are expected to begin trading on the New York Stock Exchange on April 12, 2018 under the symbol “ZUO.” The offering is expected to close on April 16, 2018, subject to customary closing conditions.

In addition, Zuora has granted the underwriters a 30-day option to purchase up to 1,650,000 additional shares of Class A common stock at the initial public offering price less underwriting discounts.

Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are acting as the joint lead bookrunners for the offering. Allen & Company LLC and Jefferies LLC are acting as bookrunners. Canaccord Genuity LLC and Needham & Company, LLC are acting as co-managers.

Zuora, Inc. develops cloud based software. The Company offers an online subscription billing and management platform that provides pricing subscription orders, rating, accounting, and payment services. The company, led by Tien Tzuo, Marc Diouane and Tyler Sloat, in 2017 recorded $167 Million Revenues.

The WSGR team representing the underwriters in the offering includes partners Steven E. Bochner (Picture), Robert Day, and Andrew Hoffman, and associates Lianna Whittleton, Ivan Au, and Alex Meyer.

Involved fees earner: Steven Bochner – Wilson Sonsini Goodrich & Rosati; Robert Day – Wilson Sonsini Goodrich & Rosati; Andrew Hoffman – Wilson Sonsini Goodrich & Rosati; Lianna Whittleton – Wilson Sonsini Goodrich & Rosati; Ivan Au – Wilson Sonsini Goodrich & Rosati; Alex Meyer – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: Goldman, Sachs & Co.; Jefferies; Morgan Stanley; Canaccord Genuity; Allen & Company LLC; Needham & Co.;


Author: Ambrogio Visconti