Intuit $1 billion common stock offering
Davis Polk advised the underwriter in connection with the $1 billion offering of 1,548,700 shares of common stock of Intuit Inc. by selling stockholders. The common stock is listed on the Nasdaq under the symbol “INTU.”
Intuit helps consumers, small businesses and the self-employed prosper by delivering financial management and compliance products and services. Intuit also provides specialized tax products to accounting professionals. Intuit’s global products and platforms, including TurboTax, QuickBooks, Mint, Credit Karma and Mailchimp, are designed to help customers and small businesses manage their finances, save money, pay off debt and do their taxes with ease and confidence so they are receiving the maximum refund they deserve.
The Davis Polk corporate team included partner Alan F. Denenberg and associates Joseph G. Marano and Rong (Fiona) Huang. Partner Michael Farber and associate Constance Zhang provided tax advice. Partner Frank J. Azzopardi and associate Yana Kipnis provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.