Fenwick & West represented Smartsheet Inc. (NYSE: SMAR), a leading cloud-based platform for work execution, in its underwritten public offering of 14,835,000 shares of its Class A common stock, including 1,935,000 shares sold upon the full exercise of the underwriters’ option to purchase additional shares, at a price to the public of $43.50 per share.
Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC acted as lead book-running managers for the offering. Jefferies LLC, William Blair & Company, L.L.C., SunTrust Robinson Humphrey, Inc. and Canaccord Genuity LLC acted as joint book-running managers. Needham & Company, LLC, Oppenheimer & Co. Inc., Stephens Inc. and D.A. Davidson & Co. acted as co-managers.
The Fenwick transaction team included corporate lawyers Alan Smith, James Evans, Kat Duncan, Can Sun, Annie Omata, Josh Fuller and summer associate Luke Finn.