Cooley Advises Underwriters on Aerohive Networks IPO
San Francisco – April 4, 2014 – Cooley LLP announced today that it advised the underwriters on Aerohive Networks, Inc.'s $75 million initial public offering. Aerohive has designed and developed a leading cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The company now trades on the New York Stock Exchange under the symbol "HIVE."
Goldman, Sachs & Co. and BofA Merrill Lynch acted as the joint book-running managers for the offering. Piper Jaffray & Co., William Blair & Company, LLC, JMP Securities LLC and Stephens Inc. acted as co-managers for the offering.
The corporate and securities team advising the underwriters included partners Drew Williamson, David Peinsipp and Charlie Kim, as well as associates Jonie Kondracki, Justin Lau, Robert E. Jones and Matt Fleming. Critical support for the offering was provided by partner Wendy Goldstein and associate Rebecca Ross (regulatory); partner Renee Deming and associate Sarah Dale (compensation & benefits); partners Susan Cooper Philpot and Bill Morrow (tax); special counsel Charles Haley and associate J.D. Moss (technology transactions); and partner Matt Brigham (intellectual property).
Year-to-date in 2014, Cooley has advised on 42 completed public offerings, including 21 completed IPOs.
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