Fenwick & West represented the underwriters in the $75 million initial public offering for Barracuda Networks, Inc. (NYSE: CUDA), a provider of cloud-connected security and storage solutions. The company priced 4,140,000 shares of its common stock at a price to the public of $18 per share.
Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and BofA Merrill Lynch acted as lead joint bookrunners for the offering. William Blair & Company L.L.C., Pacific Crest Securities LLC and JMP Securities LLC acted as co-managers for the offering.
The Fenwick transaction team included corporate attorneys Jeffrey Vetter, William Hughes, Gordon Davidson, Niki Fang, Chris McDermott and Brian Kelly.
More information about the offering is available from the announcement on Barracuda’s website.