Fenwick Represents SentinelOne in $1.4 Billion Initial Public Offering and $50 Million Concurrent Private Placement

Fenwick represented SentinelOne, an autonomous cybersecurity platform company, in its initial public offering of 40,250,000 shares of its Class A common stock at a public offering price of $35 per share, including the full exercise of the underwriters’ over-allotment option.

In addition to the shares sold in the public offering, SentinelOne closed the concurrent sale of 1,428,568 shares of its Class A common stock to certain of its existing stockholders, at the public offering price of $35 per share, in a private placement. The sale of these shares was not registered under the Securities Act of 1933, as amended.

Morgan Stanley and Goldman Sachs & Co. LLC acted as lead book-running managers and representatives of the underwriters for the offering. BofA Securities, Barclays Capital Inc. and Wells Fargo Securities acted as active book-running managers for the offering. UBS Investment Bank, Jefferies LLC and Deutsche Bank Securities Inc. acted as passive book-running managers for the proposed offering. Piper Sandler, BTIG, Cowen, Needham & Company, LLC, Loop Capital Markets LLC, Drexel Hamilton and R. Seelaus & Co., LLC acted as co-managers for the offering.

The shares began trading on the New York Stock Exchange on June 30, 2021, under the ticker symbol “S.” More information can be obtained from SentinelOne’s announcement.

The Fenwick transaction team included corporate partners Ran Ben-Tzur, David Bell, Cynthia Hess and Steven Levine, senior corporate attorney Henry Pruitt and associates Lailey Rezai, Darius Alam, Sullivan Berthier and Justin Kelley; executive compensation and employee benefits partner Marshall Mort and associates Corinne Nhaissi, Christophe Delrieu and Emily Gulyako; securities litigation partner Jay Pomerantz and associate Vincent Barredo; privacy and cybersecurity partner Jim Koenig and director Jim Gregoire; and tax partner William Skinner.