Davis Polk advised the underwriter in connection with a block trade of 663,394 shares of Class A common stock of Bandwidth Inc. by VIP II Nominees Limited (for the benefit of Vitruvian Investment Partnership II, a fund managed by Vitruvian Partners LLP). The Class A common shares are listed on the NASDAQ under the symbol “BAND.”
Bandwidth Inc. is a leading cloud-based communications platform for enterprises. Its solutions include a broad range of software application programming interfaces for voice and text functionality and its owned and managed, purpose-built IP voice network.
The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associate Angela Park. The tax team included partner Po Sit and associate Summer Xia. The intellectual property and technology transactions team included partner Frank J. Azzopardi and associate Jay Frankel. Members of the Davis Polk team are based in the New York and London offices.