Davis Polk advised the representatives of the several underwriters in connection with Bandwidth Inc.’s initial public offering of 4,000,000 shares of Class A common stock, at $20.00 per share, for total gross proceeds of $80 million. The Class A common stock is listed on the NASDAQ Global Select Market under the symbol “BAND.”
Based in Raleigh, North Carolina, Bandwidth is a cloud-based communications platform for enterprises in the United States. Its solutions include a broad range of software application programming interfaces for voice and text functionality and an owned and managed, purpose-built Internet protocol voice network, one of the largest in the nation.
The Davis Polk corporate team included partners Sophia Hudson and Richard D. Truesdell Jr. and associate Eugene Baek. The tax team included partners Kathleen L. Ferrell and William A. Curran and associate Catherine L. Chu. The intellectual property and technology team included counsel Michelle Ontiveros Gross and associate Jason J. Bang. Members of the Davis Polk team are based in the New York and Northern California offices.