Fenwick & West represented the underwriters in the $240 million initial public offering for TriNet Group, Inc. (NYSE: TNET), a leading cloud-based provider of HR services. The company priced 15,000,000 shares of common stock at a price to the public of $16.00 per share.
J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc. acted as joint book-running managers of the offering and as representatives of the underwriters. Jefferies LLC, Stifel, Nicolaus & Company, Incorporated and William Blair & Company, L.L.C. acted as co-managers of the offering.
The Fenwick transaction team included corporate attorneys Gordon Davidson, Daniel Winnike, Philip Reuther, Christine Chen, Jane Shen and Amir Hassanabadi; executive compensation and employee benefits attorneys Mona Clee and Grace Chen; and technology transactions attorney Christopher Joslyn.