Gunderson Dettmer advised Anaplan, Inc. on its initial public offering of 17,825,000 shares at the price to the public of $17.00 per share for a total of $303,025,000 in aggregate gross proceeds.
Gunderson Dettmer advised Histogenics Corporation on a follow-on public offering underwritten public offering of 26,155,000 shares of its common stock and warrants to purchase up to 19,616,250 shares of common stock, at a combined purchase price of $0.65 per share of common stock and accompanying warrant, for a total of $17,000,750.00 in aggregate gross proceeds.
Gunderson Dettmer advised Aldeyra Therapeutics, Inc. on a follow-on public offering of 5,250,000 shares at the price to the public of $13.75 per share for a total of $72,187,500 in aggregate gross proceeds. Corporate partner Jay Hachigian, of counsel Keith Scherer, and associates Albert Vanderlaan, Naomi Smith and John Maciejewski led the team advising Aldeyra.
With the passage of Senate Bill 826 at the end of September, California has become the first state in the U.S. to require public companies incorporated in California or other public companies with their principal executive offices in California (according their Annual Report on Form 10-K) to have specified numbers of women serving on their Boards of Directors. This alert discusses the new law and its implications for public companies.
The Massachusetts Noncompetition Agreement Act goes into effect on October 1, 2018 and will impact employers’ current practices with respect to post-termination non-competes for Massachusetts-based employees. This is relevant to you if you intend to hire Massachusetts-based employees or bind an existing Massachusetts-based employee to a post-term non-compete provision in the future because you will need to make updates to the non-compete provision in your form PIIA.
Real estate platform Compass has raised $400 million in a Series F round of funding to help grow its domestic business as well as open internationally. The deal, led by Softbank’s Vision Fund and Qatar Investment Authority, has the company valued at $4.4 billion; double its valuation from last year.
UiPath, a robotic process automation software, closed a Series C financing of $225 million with a $3 billion valuation. Sequoia Capital and CapitalG, Alphabet's investment arm, lead the round.
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, the top global firm representing venture-backed companies, was recognized for a “Finance & Transactional Impact Deal of the Year” at the 2018 Euromoney LMG Life Sciences Awards in New York City on September 12, 2018.
Gunderson Dettmer's Silicon Valley office has relocated to a newly-constructed building in downtown Redwood City, California. The new space reflects evolving work styles, efficient design and new collaboration tools to fit the firm's culture and is designed to appeal to lawyers and clients alike.
Gunderson Dettmer is acting as legal advisor to Cornershop, a leading online marketplace for on-demand delivery from retailers in Mexico and Chile, in its $225 million acquisition by Walmart.
Best Lawyers named twelve Gunderson Dettmer partners to its 2019 peer-reviewed list of the most respected lawyers in their focus areas. Ross L. Burningham, Scott C. Dettmer, Steven R. Franklin, Jay K. Hachigian, James L. Hauser, Sharon J. Hendricks, Andrew Y. Luh, Daniel E. O’Connor, Brooks Stough, Jeffrey C. Thacker, and Thomas F. Villeneuve were all named to Best Lawyers in the United States.
Gunderson Dettmer has been named a finalist in four categories for the 17th Annual M&A Advisor Awards: Corporate/Strategic Deal of the Year ($100M-$250M); Private Equity Deal of the Year ($10M-$50M); M&A Deal of the Year ($25M-$50M) and Information Technology Deal of the Year ($10-$50M).
Gunderson Dettmer announced today that top IPO lawyer Jeffrey Vetter has joined the firm as a partner and will chair its public offerings/public companies practice.
Gunderson Dettmer is acting as legal advisor to Opcity, a market leading real estate technology platform, in its $210 million acquisition by News Corp's subsidiary, Move, Inc., operator of realtor.com.
Gunderson Dettmer acted as counsel to Oscar in its recent $375 million financing by CapitalG, the late-stage growth venture capital fund financed by Alphabet Inc.
Gunderson Dettmer is acting as legal advisor to Cartiva, Inc., a private orthopedic medical device company focused on the treatment of osteoarthritis, in its $435 million acquisition by Wright Medical Group N.V.
With 212 venture deals to its credit in Q2 2018, Gunderson Dettmer is again ranked “most active law firm globally” in PitchBook’s Global Venture Capital League Tables.
Gunderson Dettmer acted as legal advisor to Duo Security, the leading provider of unified access security and multi-factor authentication delivered through the cloud, in its $2.35 billion acquisition by Cisco.
Gunderson Dettmer acted as legal advisor to SpringCM, a leading cloud-based document generation and contract lifecycle management software company, in its $220 million acquisition by DocuSign. In a definitive agreement announced today, the transaction will further accelerate DocuSign’s broadening of its solution beyond e-signature to the rest of the agreement process—from preparing to signing, acting-on, and managing agreements.
As required under the Economic Growth, Regulatory Relief, and Consumer Protection Act enacted in May 2018 (the “2018 Act”), the Securities and Exchange Commission (the “SEC”) issued final rules on July 18th to increase the disclosure threshold from $5 million to $10 million for issuances of securities in reliance on Rule 701 under the Securities Act of 1933.
Gunderson Dettmer advised Natera, Inc. in a follow-on public offering of 5,175,000 shares at the price to the public of $20.00 per share for a total of $103,500,000 in aggregate gross proceeds.
Gunderson Dettmer advised the underwriters on Domo, Inc.’s initial public offering of 10,580,000 shares at the price to the public of $21.00 per share for a total of $222,180,000 in aggregate gross proceeds.
Gunderson Dettmer announced today that Malcolm B. Nicholls III will join its industry-leading fund formation practice, where he will be a partner resident in the Boston office. A highly-respected practitioner, Malcolm brings over 20 years of experience representing venture capital and private equity fund managers and investment advisors globally on a wide range of issues, including formations, secondary transactions, internal governance, and divestments and distributions.
In this video, DataGrail interviews Anna Westfelt, an associate in the firm’s Intellectual Property practice group who focuses on privacy and data security issues. She provides insights on why understanding the General Data Protection Regulation (GDPR) is critical for all businesses. GDPR is effective May 25, 2018.
The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) is conducting a mandatory survey that imposes reporting requirements on any U.S. business entity (including a fund, general partner entity or management company) in which a foreign person directly or indirectly held a voting interest of 10 percent or more at any time during the 2017 fiscal year.
The Stop Sexual Harassment in NYC Act (the “Act”), a comprehensive package of legislation aimed at combating sexual harassment in the workplace and strengthening New York City’s existing anti-sexual harassment laws, was signed into law by Mayor Bill de Blasio on May 9, 2018. In lockstep with New York City’s new sexual harassment law, Governor Cuomo signed into law the New York State Legislature’s anti-sexual harassment legislation in the state’s 2019 budget.
The technology industry has generated 29% of all IPOs this year to date, and research shows technology companies were also the IPO market’s best performing sector. Capital markets partner Heidi Mayon shares her thoughts on the resurgence of venture-backed technology company IPOs in "Technology Companies Are Driving the IPO Rebound" on Law360.
Gunderson Dettmer acted as legal advisor to ARMO BioSciences (ARMO) in its $1.6 billion acquisition by Eli Lilly and Company (Lilly). In a definitive agreement announced today, the all-cash transaction will bolster Lilly’s immune-oncology program through the addition of ARMO’s lead product, pegilodecakin, which has demonstrated clinical benefit in multiple tumor types.
Gunderson Dettmer acted as international and M&A counsel to Flipkart in a $16 billion deal that will make Walmart Inc. its largest shareholder. Flipkart, which has been a client since 2011, is one of India’s largest e-commerce marketplaces and includes group companies Flipkart, Myntra, Jabong, and PhonePe. Launched in 2007, Flipkart has enabled millions of customers, sellers, merchants, and small businesses to be a part of India's e-commerce revolution, offering over 80 million products across 80+ categories.
As you may be aware, certain changes in Cayman Islands law relating to Anti-Money Laundering and Know Your Customer (AML / KYC) requirements go into effect in the near future. We are writing to our venture capital and private equity fund clients to remind you of such changes as well as regarding FATCA / CRS registration and reporting obligations for 2018.
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