Mountain View, CA (November 19, 2015) – Fenwick & West is pleased to announce that corporate partner Jeffrey Vetter, co-chair of the firm's securities and corporate finance team, has been named a 2015 Capital Markets MVP by Law360. This is the second year in a row that Vetter has received the honor.
Law360 praised Vetter for steering "some of the year’s largest technology debuts, drawing on his ability to navigate unique securities challenges and interpret new technologies to help companies like alternative lender LendingClub and fitness tracker Fitbit go public."
The profile observed that Vetter's "natural curiosity was key in helping LendingClub […] wade through unique regulatory challenges as it trucked toward an IPO" that "ultimately raised $1 billion," making it "2014's largest U.S. technology debut" and venture-backed IPO.
LendingClub was the first peer-to-peer lending platform to go public. As Vetter told Law360, “[The] SEC gave us a pretty thorough review and had a lot of highly technical securities law issues. We got through it fine, but it was a lot of work. It was almost like a law school exam."
Regarding the Fitbit transaction, Vetter said that getting the company's shares listed "provided some interesting disclosure challenges, as the company was hit with a trade secrets suit by rival Jawbone and had to handle a recall for certain bands."
All told, the publication noted, Vetter "has found himself at the helm of more than 50 floats, working with technology clients such as Candy Crush game maker King Digital Entertainment Plc, human resources and financial services platform Workday, cyber security company Proofpoint and cloud software company Responsys Inc."
Praising another aspect of his practice, Law360 wrote: "While much of Vetter's work is on the issuer side, he is still a familiar face among underwriters. In December, he led the underwriters of New Relic public float through the IPO process, including their decision to snap up $17.25 million worth of shares through an overallotment option."
The publication also noted that Vetter's "relationships with clients sometimes stems outside of the capital markets realm as each company grows, including his work with Responsys in its deal to be acquired by Oracle Corp. for $27 per share, valued at about $1.6 billion."
Looking back, Vetter told Law360 that representing Facebook Inc. in 2012 in its $18.4 billion IPO – still the second-largest technology offering in U.S. history – remains a highpoint in his career.
The full profile is available through the Law360 website (subscription required).
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Fenwick & West provides comprehensive legal services to ground-breaking technology and life sciences companies – at every stage of their lifecycle – and the investors that partner with them. We craft innovative, cost-effective and practical solutions on issues ranging from venture capital, public offerings, joint ventures, M&A and strategic relationships, to intellectual property, litigation and dispute resolution, taxation, antitrust, and employment and labor law. For more than four decades, Fenwick has helped some of the world's most recognized companies become and remain market leaders. For information about a career at Fenwick visit us at fenwick.com/careers.