Mondee Holdings $52.5 million debut secondary equity offering
The shares are listed on Nasdaq
Davis Polk advised the representative of the several underwriters in connection with the debut SEC-registered secondary offering of 5,250,000 shares of Class A common stock of Mondee Holdings, Inc. sold by certain selling stockholders, resulting in gross proceeds of $52.5 million. Mondee’s common stock is listed on Nasdaq under the symbol “MOND.”
Mondee is a travel technology company and a modern travel marketplace with its headquarters in Austin, Texas. Mondee’s network includes approximately 60,000 leisure travel advisors and gig economy workers, more than 500 airlines, and over one million hotels and vacation rentals, 30,000 rental car pickup locations and more than 50 cruise lines.
The Davis Polk capital markets team included partner Derek Dostal and associates Jonathan I. Stempel, Juan Diego Tibaduiza and Samuel S. Vallejo. The intellectual property team included partner Matthew J. Bacal and associates Joshua Shirley and Shreya R. Kundur. The tax team included partner Kara L. Mungovan and associates Ted Lee and Liang Zhang. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.