Fenwick & West represented the underwriters in the $116 million initial public offering for Rocket Fuel Inc. (NASDAQ: FUEL), an artificial intelligence (AI)-powered programmatic media-buying platform for digital marketers. The company priced 4,000,000 shares of its common stock at a price to the public of $29.00 per share.
Credit Suisse and Citigroup acted as joint bookrunners for the offering. Needham & Company, Oppenheimer & Co., Piper Jaffray, BMO Capital Markets and LUMA Securities acted as co-managers.
The Fenwick team included corporate attorneys Mark Stevens, Jeffrey Vetter, James Evans, Ran Ben-Tzur and Thomas Kang.