Fenwick & West LLP represented the underwriters in a $258 million secondary public offering for SolarWinds, Inc. (NYSE: SWI), a provider of network management software based in Austin, TX. SolarWinds priced 13.8 million shares of its common stock, all of which were offered by existing stockholders, at $18.75 per share. The offering, which was one of the few secondary offerings to be upsized this year, was increased by a full 20%.
J.P. Morgan Securities Inc., Goldman, Sachs & Co., and Morgan Stanley & Co. Incorporated acted as joint book-running managers for the offering. Jefferies & Company, Inc., Thomas Weisel Partners LLC, FBR Capital Markets & Co. and Pacific Crest Securities LLC were the co-managers of the offering.
In May 2009, Fenwick represented the same joint book-running managers in SolarWinds’ $175 million initial public offering, which was the first venture-backed company IPO since August 2008 and one of the largest technology IPOs in the last two years.
Fenwick & West provides comprehensive legal services to technology and life sciences clients of national and international prominence. The firm has been ranked by American Lawyer Media and Global Securities as one of the top 10 IPO issuer's counsel in the United States and was recently ranked by Corporate Board Member as one of the top 5 corporate law firms in the San Francisco Bay Area for publicly traded companies.