Davis Polk advised the sole bookrunner in connection with the SEC-registered offering of 2,500,000 shares of Class A common stock of Appian Corporation by Appian and certain existing stockholders, for total gross proceeds of approximately $141.2 million. Appian’s Class A common stock is listed on the Nasdaq Global Market under the symbol “APPN.”
Appian provides a low-code automation platform that accelerates the creation of high-impact business applications. Many of the world’s largest organizations use Appian applications to improve customer experience, achieve operational excellence, and simplify global risk management and compliance. Appian’s corporate headquarter is in McLean, Virginia.
The Davis Polk corporate team included partners Alan F. Denenberg and Stephen Salmon and associates Kimberly Wang and Travis B. Mitchell. The tax team included counsel Ethan R. Goldman and associate Lex L. Varga. Partner Frank J. Azzopardi and associate S. Dream Montgomery provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.