Fenwick & West represented the underwriters in the $305 million follow-on public offering for Rocket Fuel Inc. (NASDAQ: FUEL), a provider of artificial intelligence (AI) advertising solutions for digital marketers. The company priced 5,000,000 shares of its common stock at a price to the public of $61.00 per share.
Credit Suisse, Citigroup and Goldman, Sachs & Co. acted as joint book-running managers for the offering. Credit Suisse and Citigroup acted as representatives of the underwriters for the offering. Needham & Company, Oppenheimer & Co., Piper Jaffray and BMO Capital Markets acted as co-managers.
The Fenwick transaction team included corporate attorneys Mark Stevens, Jeffrey Vetter, James Evans, Ran Ben-Tzur and Thomas Kang.