2024 Fenwick – Bloomberg Law SV 150 List

In collaboration with Bloomberg Law, each year Fenwick publishes the Fenwick-Bloomberg Law SV 150 list, which ranks the largest Silicon Valley-based public technology and life sciences companies by revenue.

Using the companies on this list, as well as those comprising the Standard & Poor’s 100 Index (S&P 100), Fenwick publishes a series of reports that compare each group’s proxy season results, corporate governance practices, and board diversity trends.

We create these reports to provide information that can guide company leaders and corporate boards as they make governance decisions and benchmark their governance practices. To receive our upcoming reports analyzing 2023 proxy season and corporate governance data, please sign up here.

The 2024 Fenwick – Bloomberg Law SV 150 List is calculated based on company revenue for the most recent available four quarters which ended on or near December 31, 2023. For more information on this list and related trends, view Bloomberg Law’s press release here

Data source: Bloomberg.

Notes: Revenue data are based on Bloomberg quarterly data, adjusted by Fenwick to reflect a calendar-year revenue for each company for comparison purposes. “Silicon Valley” includes Marin County as well as Alameda, Contra Costa, San Francisco, San Mateo and Santa Clara counties. Bloomberg has calculated adjusted revenue for LendingClub, reflecting that the net revenue required for GAAP reporting by financial institutions differs from revenue reported by operating companies more generally. These updated or adjusted revenues were not used for purposes of determining the Fenwick – Bloomberg Law SV 150 List, though Bloomberg generally provides them when reporting 2023 revenues for those companies. Quantum Corp, which has been included in the list in recent years, was excluded because at the time of publication the company has not publicly filed revenues for the relevant periods.

Maplebear (NASDAQ: CART), d/b/a Instacart, IPO'd in 2023.

Nextracker (NASDAQ: NXT), spun out from Flex Ltd. (NASDAQ: FLEX) in 2023.