Snail $15 million IPO
Davis Polk advised Snail, Inc. on its SEC-registered initial public offering of 3,000,000 shares of Class A common stock for total gross proceeds of $15 million. Snail is listed on the Nasdaq Capital Market under the ticker symbol “SNAL.”
Snail is a leading, global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs and mobile devices.
The Davis Polk capital markets team included partners Byron B. Rooney and Alan F. Denenberg, counsel John H. Runne and associates Joseph G. Marano and Xi (Brooke) Zheng. Partner Frank J. Azzopardi and associate David A. Frey provided intellectual property advice. Partner Kyoko Takahashi Lin and associate Chloe Wang provided executive compensation advice. Partner Po Sit provided tax advice. Members of the Davis Polk team are based in the New York and Northern California offices.