Davis Polk advised the sole bookrunner in connection with the SEC-registered offering of 2,329,000 shares of Class A common stock of Appian Corporation by Appian and certain existing stockholders, for total gross proceeds of approximately $129.7 million. Appian’s Class A common stock is listed on the Nasdaq Global Market under the symbol “APPN.”
Appian provides a low-code software development platform that allows companies to rapidly build powerful business applications. The applications created on its platform help companies drive digital transformation and competitive differentiation. Appian’s corporate headquarter is in Tysons, Virginia.
The Davis Polk corporate team included partners Alan F. Denenberg and Stephen Salmon and associates Jeffrey C. Lau, Josephine Chen and Stephanie Y. Cheng. The tax team included partner Rachel D. Kleinberg. Partner Frank J. Azzopardi and associate S. Dream Montgomery provided intellectual property and technology advice. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the Northern California and New York offices.