07/03/2012
Cooley LLP Advises Underwriters on ServiceNow IPO
Palo Alto, Calif. – July 3, 2012 – Cooley LLP is pleased to announce it advised the underwriters in the initial public offering of common stock of ServiceNow Inc., which launched on the New York Stock Exchange on Friday, June 29.
In what was the first technology IPO since Facebook, ServiceNow priced last week at $18/share; it closed its first day on the New York Stock Exchange up around 37% at $24.60, valuing the Company at approximately $3 billion. Cooley advised Morgan Stanley, the lead underwriter, together with Citigroup, Deutsche Bank, Barclays Capital, Credit Suisse, UBS, Pacific Crest and Wells Fargo.
The Palo Alto-based Cooley team comprised partners Eric Jensen and John McKenna, with associates Seth Gottlieb and Ryan Spiers. Intellectual property advice was provided by partner Robin Lee and tax counsel by Colorado-based associate Aaron Pomeroy.
Cooley's capital markets practice continues to be highly active, with a total of 27 public offerings completed this year.
About Cooley LLP
Cooley's 650 attorneys have an entrepreneurial spirit and deep, substantive experience, and are committed to solving clients' most challenging legal matters. From small companies with big ideas to international enterprises with diverse legal needs, Cooley has the breadth of legal resources to enable companies of all sizes to seize opportunities in today's global marketplace. The firm represents clients across a broad array of dynamic industry sectors, including technology, life sciences, venture capital, clean energy, real estate and retail.
The firm has full-service offices in ten major business and technology centers: Palo Alto, CA; New York, NY; San Diego, CA; San Francisco, CA; Reston, VA; Broomfield, CO; Washington, DC; Boston, MA; Seattle, WA; and Shanghai, China.