Fenwick Represents ServiceNow in $241 Million Initial Public Offering

By: Gordon K. Davidson, Robert A. Freedman, Dawn Belt, Christine Chen, Kristine M. Di Bacco, Scott P. Spector

Fenwick & West represented ServiceNow, Inc. (NYSE: NOW), a leading provider of cloud-based services to automate enterprise IT operations, in its initial public offering of 13,397,500 shares of its common stock at a price to the public of $18.00 per share. Of the 13,397,500 shares of ServiceNow common stock offered, 10,350,000 shares were offered by ServiceNow and 3,047,500 shares were offered by selling stockholders.

Morgan Stanley & Co. LLC, Citigroup Global Markets, Inc., and Deutsche Bank Securities Inc. acted as lead book-running managers for the offering. Barclays Capital Inc., Credit Suisse Securities (USA) LLC, and UBS Securities LLC acted as joint book-running managers for the offering. Pacific Crest Securities LLC and Wells Fargo Securities, LLC acted as co-managers.

The Fenwick transaction team was led by corporate partners Gordon Davidson and Robert Freedman and included associates Dawn Belt, Sheri Wardwell, Christine Chen, Matthew Karwoski and Kristine Di Bacco. Partner Scott Spector and associate Adriana Sherwood advised on executive compensation and employee benefits matters.


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