Davis Polk Advises the Underwriters on Coupa Software $128 Million Follow-On Offering

Davis Polk advised the joint book-running managers and representatives of the several underwriters in connection with a follow-on offering of 5,068,083 shares by Coupa Software Incorporated and certain of Coupa’s stockholders for an aggregate price to the public of $128 million, which includes the full exercise of the underwriters’ option to purchase additional securities. The common stock is listed on the NASDAQ Global Select Market under the symbol “COUP.”

Coupa provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. Coupa offers procurement, invoicing and expense management modules designed to provide greater visibility and control over how companies spend money. Coupa is based in San Mateo, California.

The Davis Polk corporate team included partner Sarah K. Solum and associates Marcus K. Hintze, Emily Roberts and Ingrid L. Perez. The tax team included partner Rachel D. Kleinberg. The intellectual property and technology team included counsel Michelle Ontiveros Gross and associate Jason J. Bang. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the Northern California and New York offices.