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Davis Polk Advises Angie's List on Its Initial Public Offering
11/17/2011
Davis Polk is advising Angie's List, Inc. on its $114 million initial public offering of common stock. The underwriting syndicate includes Merrill Lynch, Pierce, Fenner & Smith Incorporated, Allen & Company LLC, Stifel, Nicolaus & Company, Incorporated, RBC Capital Markets, LLC, Janney Montgomery Scott LLC, Oppenheimer & Co. Inc., ThinkEquity LLC and Code Advisors LLC. The underwriters have an option to purchase an additional $17 million of common stock to cover over-allotments.

Based in Indianapolis, Indiana, Angie's List collects consumer reviews on local contractors and doctors in more than 550 service categories. More than one million paying households in the United States rely upon Angie’s List to help them make the best hiring decisions.

The Davis Polk corporate team includes partners Francis S. Currie and Martin A. Wellington, and associates Vincent T. Cannon, Zhimin Lin and Alex Kardon. Counsel Cynthia Akard is providing compensation and benefits advice. Associate Emma Maconick is providing intellectual property advice. Partner Rachel D. Kleinberg and associate Una Au is providing tax advice. Associate Catherine L. Martin is providing Investment Company Act advice. Kimberly Kakade is the legal assistant on the transaction. Members of the Davis Polk team are based in the Menlo Park and New York offices.