Palo Alto, Calif. – July 3, 2012 – Cooley LLP is pleased to announce it advised the underwriters in the initial public offering of common stock of ServiceNow Inc., which launched on the New York Stock Exchange on Friday, June 29.
In what was the first technology IPO since Facebook, ServiceNow priced last week at $18/share; it closed its first day on the New York Stock Exchange up around 37% at $24.60, valuing the Company at approximately $3 billion. Cooley advised Morgan Stanley, the lead underwriter, together with Citigroup, Deutsche Bank, Barclays Capital, Credit Suisse, UBS, Pacific Crest and Wells Fargo.
Cooley's capital markets practice continues to be highly active, with a total of 27 public offerings completed this year.
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