Davis Polk advised the representatives of the several underwriters in connection with the $13.3 billion secondary offering of 31,628,573 shares of common stock of BlackRock, Inc. by a selling stockholder affiliated with the financial institution, which included the full exercise of the underwriters’ option to purchase additional shares. BlackRock’s common stock is traded on the New York Stock Exchange under the symbol “BLK.”
BlackRock is a leading publicly traded investment management firm with $7.43 trillion of AUM at December 31, 2019. With approximately 16,300 employees in more than 30 countries who serve clients in over 100 countries across the globe, BlackRock provides a broad range of investment and technology services to institutional and retail clients worldwide.
The Davis Polk capital markets team included partners Michael Kaplan and Shane Tintle, counsel Drew Glover and associate Charles York. Partner William A. Curran and associate Ben Levenback provided tax advice. Members of the Davis Polk team are based in the New York and Northern California offices.