Davis Polk Advises SMART Global Holdings, Inc. on Its Initial Public Offering

Davis Polk advised SMART Global Holdings, Inc. on its initial public offering of 6,095,000 ordinary shares at $11.00 per share, including the exercise in full of the underwriters’ over-allotment option. The ordinary shares are listed on the NASDAQ Global Market under the symbol “SGH.”

Headquartered in Cayman Islands, SMART develops specialty memory solutions, serving the electronics industry for over 25 years. SMART has historically focused on Dynamic Random Access Memory, or DRAM, components and modules for desktops, notebooks and servers. In its specialty memory solutions business, SMART offers a portfolio of over 2,000 products, which includes all generations of DRAM, as well as embedded and removable Flash, enterprise memory and hybrid volatile and non-volatile memory solutions.

The Davis Polk capital markets team included partner Alan F. Denenberg and associates Marcus K. Hintze and Dylan Service. The tax team included partner Rachel D. Kleinberg and associate K. Daniel Berman. Counsel Cynthia Akard provided executive compensation advice. The intellectual property and technology team included counsel Michelle Ontiveros Gross and associate Jason J. Bang. Associate Colleen Blanco provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.